Run the Numbers
I’m not very good with my business accounting but every year I vow to be more conscientious. I save (most of) my receipts and try to keep them organized in monthly envelopes. I should tally the expenses each month but I don’t. Instead, at the end of the year (or first part of the next), I figure out the expenses and the revenues all at once and hope for good news. I will not be able to retire on this income but overall, this hobby (as defined by the IRS) does pay for itself. To all of you with any interest in my work, thank you. Looking forward to 2016!