Why I’ve been resistant to the idea, I can’t say, but I think it has to do with a perceived difficulty dealing with paperwork, accountants, and government officials. Regardless, it’s becoming more obvious every year that I need to separate a lot of the stuff I do online as a hobby financially because it’s making too much money.
Over the weekend, we dropped off our paperwork do begin our tax preparation process. Our tax preparer says that it’s a good problem to have, but it’s generating this mini-cascade of other problems because I’m not operating the “business” I am being taxed for like a business.