When is Your Side Business Really a Hobby?
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If you have a side gig, you may be less concerned over profits than if it was your main job. However, if it's really a hobby, you could be liable for extra taxes. Here's how to tell the difference between a business and a hobby.
Erin F., JD/MAcc, focuses on the legal, accounting, tax, financial services, insurance, and related industries. He has worked with professional service firms of all sizes ranging from sole practitioners to national firms as well as agencies and tech companies ranging from startups to Fortune 500 companies. He has covered both the B2C and B2B markets and specializes in making complex topics easy to understand while following SEO and marketing best practices.
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