https://nicoleonthenet.com/442/do-you-have-to-report-your-income/ Nicole Dean educates and empowers entrepreneurs to create kick ass businesses so they can live life with no regrets. Sun, 16 Mar 2008 07:20:19 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://nicoleonthenet.com/442/do-you-have-to-report-your-income/#comment-3358 Sun, 16 Mar 2008 07:20:19 +0000 http://nicoleonthenet.com/2008/do-you-have-to-report-your-income/#comment-3358 My first several years online, my business lost money. This meant paying less taxes on my personal income, however, so while I built my home business that was definitely okay! When my accountant handed me my estimated tax coupons for this year, he told me that if you’re paying a lot of taxes that means you’re making a lot of money! That couldn’t be more true. When you get to the point your business is making a profit, I definitely recommend finding an accountant you trust. There are too many tax laws to navigate, and accountants are worth the money you pay them (their fees are also tax deductible!)

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