Taxes and homework

Article Abstract:

Congress has approved the home office deduction for the 1999 tax season even in cases when the home only serves as the place for business management or administrative activities. This rule will benefit jewelry, gem and beard artisans who usually practice their crafts at home.

Laws, regulations and rules, Art metalworkers

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Tax tips

Article Abstract:

Lapidaries may avail of tax deductions provided they establish a legitimate profit motive for their venture. Considerations for this include business conduct, technical knowledge, manpower, assets and liabilities and engagement in other profit-earning activities.

Jewelry making, Jewelry industry

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Legally starting a hobby/tax business: tips for those interested in turing a hobby into a legitimate business

Article Abstract:

Lapidaries and jewelry artisans can avoid being denied significant income tax deductions by providing proof as to when their tax business began. Tips on how to comply with tax rules regarding this issue are offered.

Planning, Income tax, Jewelers, Jewelers (Persons)

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