Hobby or business?
You sell the odd hand-knitted scarf to friends, or maybe you sell your knitwear every week at local markets. Is this a hobby, or a business?
You sell the odd hand-knitted scarf to friends, or maybe you sell your knitwear every week at local markets. Is this a hobby, or a business?
You can claim the cost of many daily expenses when travelling for work. If the trip is part business, part holiday, you can only claim work-related expenses.
If you regularly sell online, you are “in trade”. This means paying tax and complying with consumer laws.