So you’ve just found out that your hobby can actually make you extra money — congrats! Now, how do you know when it transitions from being a hobby to a full-blown business?

In this week's episode we're breaking it down for you so that you can better understand: 

• The difference between hobby and business income.
• How the IRS determines if you’re running a hobby or a business.
• How deductions and expense tracking work for each income type.

Whether you’re a blogger, painter, or simply love creating handmade goods for friends and family, this episode is for you!

Brought to you by @switchandboard

Need more? Our team has put together a free resource library to save you valuable time and energy in your business! 

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