Are you registered as a retailer or business or just a hobby with a dba when you do shows?
Do you collect tax separately and do they collect tax at the end of the show or do you just file it at tax time?
After reading the tax thread in the marketing forum, I'm more confused than ever. We are not a registered legal business and last year just claimed hobby expenses/income on our taxes. Obviously I need to get an accountant, but until we start making a little money, there are no funds for an accountant. Catch 22 really I guess.
Do you collect tax separately and do they collect tax at the end of the show or do you just file it at tax time?
After reading the tax thread in the marketing forum, I'm more confused than ever. We are not a registered legal business and last year just claimed hobby expenses/income on our taxes. Obviously I need to get an accountant, but until we start making a little money, there are no funds for an accountant. Catch 22 really I guess.