how to keep good tax records Archives

Is That Activity Just a Hobby or a Business?
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Is That Activity Just a Hobby or a Business?

IRS, Personal Taxes, Self-Employed, Small Business, Tax Tips, Taxes

Is That Activity Just a Hobby or a Business?

This article was published by the IRS. Many people have hobbies - things they enjoy doing in their spare time - and some even make a little extra money from them. However, there’s a difference between a hobby and a business, especially how each is treated when it comes to filing taxes. Businesses operate to make [...]

cozbycpa2026-06-03T20:03:26-04:00June 3rd, 2026|Categories: IRS, Personal Taxes, Self-Employed, Small Business, Tax Tips, Taxes|Tags: best Plymouth MA tax preparer, Cozby & Company, CPA Heather Cozby, how to decide if you have a hobby or business for tax purposes, how to keep good tax records|

Help to Decide Between a Hobby or Business
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Help to Decide Between a Hobby or Business

Bookkeeping, IRS, Personal Finance, Personal Taxes, Self-Employed, Small Business, Tax Tips, Taxes

Help to Decide Between a Hobby or Business

This article was published by the IRS. Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Either way, if they are paid through payment apps for goods and services during the year, [...]

cozbycpa2025-08-13T15:15:45-04:00August 13th, 2025|Categories: Bookkeeping, IRS, Personal Finance, Personal Taxes, Self-Employed, Small Business, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, how to decide between a hobby or business for tax purposes, how to keep good tax records, Plymouth MA tax accountant|