Hobby Businesses

When you’re just starting out in business it can be confusing knowing what’s required of you when it comes to tax. But even with a hobby business or side-hustle – there are some requirements you need to be aware of.

Generally speaking, if you want to claim the expenses of starting your business, you will need to include these in your tax return the year you paid them. This applies even if you did not earn any, or much money in your business.