There is nothing more exciting than owning your own business! To create something from nothing, to nurture it, and to watch it grow under your careful attention. No matter what business you’re in, I know it’s one that you love.
How sad is it that what once brought such immense joy and pride can quickly become a source of frustration? Your business isn’t just the fun stuff that you love – the stuff that sparks your creativity and gets you out of bed each morning.
According to the Internal Revenue Service Pub 583, you also have a responsibility to run your business like a business. This means bank and credit card reconciliations, proper classification, and recording of transactions, and tax preparation. Your business has become work! This isn’t what you thought of when you imagined your business! This isn’t what you love!
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