DAVID S. BABOIAN, CPA, PC

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2/14/2016

February 14th, 2016

Read Now
 
TAX TIP OF THE DAY...  start a small business!

Deduct the expenditures related to your favorite hobby by starting your own small business.  One idea is to sell related products from a web site (Ebay, Etsy, Weebly, Square Space, etc.).  Another idea is to give lessons related to your hobby.

Example...  You play the saxophone.  You start giving saxophone lessons with the hope of having many more students once you retire.  Now you can deduct saxophone expenditures...  new horn, horn polish, horn supplies, Kenny G concert, saxophone practice room.  You may need a tax advisor to help, but that's a tax deduction too!

SHARE WITH A FRIEND. 
If you need a tax appointment... www.baboiancpa.com

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  • Home
  • Services
    • What we do
    • Are we right for you?
    • $99 Jump-start
  • Client zone
    • Individual clients >
      • Identity Theft - IRS Affidavit
      • Personal Financial Statement
    • Business & rental clients >
      • Example expenses
      • Mileage log
      • Petty cash log
      • Sales tax
      • W9 for subcontractor
      • Example Profit & Loss
      • Obamacare Self-employment Ledger
    • Payroll services >
      • Employee paystub portal
      • EMPLOYER set up forms
      • EMPLOYEE set up forms for new hires
    • Web Links
  • About us
    • Contact
    • Our team
    • Dave's resume
    • Dave's bands
    • Haunted Chamber
    • Picture gallery
  • Secure email