One important factor in deeming your activity a hobby or business is to show that you entered into the activity with the objective of making a profit.
Not saying you have to make a profit but sincere purpose of entually making a profit.
A business plan, records, conducting in a business manner, devoting regular time to your business (at least 10 hours per week) will help you proove your efforts in deeming a business and not a hobby.
I am not a tax expert.
Please consult a tax attorney or CPA for more details.
A great book to read: "Lower Your Taxes Big Time" by Sandy Botkin
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Hello and Welcome To my Blog!
This blog is for anybody who wants to succeed in a Home Based Internet Business.
I will be focusing on my company- Automaticbuilder/Nutronix and now a new division The Berry Tree! In my opinion this is the Best Home Based Internet Business you can be in!
If you are currently looking to work from home, Start your own Business, Purchase a new home, A new car, Save for your children's education, Retire early, Receive Big tax advantages...What ever your goals and dreams are Starting your own Internet Business is the key.
There are many reasons why you should join a MLM (Network Marketing) company...the two biggest for me: NO BIG start up cost like a store-front or a Franchise and Work from home in your pajamas!
Yes my Internet Business draws a monthly residual income! But there are other things that are invaluable. I've learned Life skills: better communication, working with others in a team and much more ...In other words "Personal Growth and Development."
Ok I will stop now. I can ramble on...
If you would like to discuss some of the benefits of MLM (Network Marketing) or learn more about my company and what I do to make money from home please book an appointment online anytime at http://www.BerryTreeAnswers.com/
See more of my business on the Achieve Team website.
The Achieve Your Goals And Dreams Blog is also targeted toward women who want to better their lives, take charge, secure their futures financially and want more out of life :)
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