Business v. Hobby By Emilee Traylor

Have you recently started a side business? Or are you thinking about turning a hobby into a side business? Well there are a few things you need to know regarding your taxes. If your business claims a net loss for too many years the IRS may classify it as a hobby,...

IN A BIND WORRYING ABOUT YOUR 529 …

For those of you who have kids, one thing you worry about is how you will pay for their college education. Investment companies and state governments created an account called “529 Plans” back in 1996 to help ease the burden of college tuition. These are usually...

Don’t be STUPID…….Hire a Bookkeeper!!!

As a small business owner you wear many hats and are involved in every area of your business, even some that you might not be the best at. As the business grows you might start to feel overwhelmed with not only trying to run your business, but with all the bookkeeping...

SPORTS GAMBLING: it’s NOT just a fantasy…….

Sports gambling has become a huge hobby for most sports fan over the years whether it be at the horse track, on who will win the Super Bowl or during March Madness. Gambling is a risky hobby in general, but sports gambling has been extremely risky since it has been...

“BALANCE”: It’s something YOU create

This Sunday is Mother’s day. This day is meant for us to honor our mothers and those mothers who have made a significant difference in our lives. It’s also a reminder that a lot of these mothers have double duty – being a mom as well as a business woman. The idea of...