Make Real Food

On a Journey to Love Myself and (the food in) the World Around Me.

What I Learned Friday : Week Ending 2/28/14 – Let’s Pay Taxes

by Chelsea @ Make Real Food on February 28, 2014, no comments

What I Learned Fridays - Lessons from a newish blogger 02.28.14

If you’re new around here, each Friday I write up a handful of lessons I’ve learned in my blogging-world that week.  Thanks for stopping by!

1 – This week I filed my own taxes for the first time ever.  (Well, with turbo taxes help, of course).  They would have been incredibly simple(r), but I opened an Etsy shop this year, and had to declare that income.  It wasn’t nearly as painful as I would have expected, but it was a big reminder about book keeping – especially expenses.  This is something I will have to keep much closer tabs on next year.

2 – How do you keep up with your blog // or other small business // income and expenses?  Luckily, I started the blog income so close to the end of the year that there was nothing to report on that end.  But, next year things will get messier (potentially a whole lot messier!…more details to come!)

3 – The other thing that I was pleasantly surprised about was the ability to write off things such as portions of your house (if you have a home office) and portions of your bills (for where your home office is).  Now, I am in no way what-so-ever-never-ever a tax accountant, so you should probably not take my advice to the bank – but using turbo tax I was able to figure out how to write off my expenses, and declare my small business income.

4 – How do you file your taxes?  Have you found it more difficult with your own business?  I kind of wish my personal business would simply print a W-2 out of my brain at the end of the year 🙂

 

P.S. – 

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