Do I Want a Business or a Hobby

Description

You've started your small business doing exactly what you love! And, now you can really say you're having fun WHILE making money. But, wait! From a tax obligation point of view, is it a business or a hobby? If the IRS decides that you are not carrying out a business, but a hobby instead, they won't accept any business deductions. Therefore, it's imperative to know the difference between a hobby and a business. Here's what you'll learn in this Lunch and Learn: What are the Guidelines used by the IRS to determine whether it's a business or a hobby? What are the Tax and Financial implications of becoming an employer? What are the key components of a successful business? The most powerful business secret you'll ever learn. Lunch will be provided by Apex & ActionCoach of Santa Clara!