I have started looking into making my sole proprietorship business a reality - after freelancing for a half decade.
What? I was busy.
The main reason is so that I can deduct a lot of my business-related expenses. While I do (often) question what is being done with my money, I don't plan on weaseling my way out of taxes completely. Strikes me as un-patriotic and, well, weasel-y.
So that means I will be reading government forms in my spare time. Oh, the joy! But it will be worth it. After all, I'm putting all the music, design, and art into one business. That means that a new computer, guitar, and paint are deductible. I just hope that the IRS understand that the design will be funding the other two - the music and art are a rather long shot at ever becoming profitable, but I think the odds are good enough to merit the business' money...Labels: design, government, impulse designs, Impulse Nine, irs, sole proprietor, taxes |
