Non-revenue-producing (Was: cctech Digest, Vol 96, Issue 5

That may be the case in the US. However in the UK and having run my own business for the last twenty five years, it?s a case of income minus expenses. Not only that, a loss can be carried forward to the next year. You can't live off of a hobby business but you might make it cost you less. Regards ? Rod Smallwood ? ? -----Original Message----- From: cctech-bounces at classiccmp.org [mailto:cctech-bounces at classiccmp.org] On Behalf Of Fred Cisin Sent: 18 August 2011 16:55 To: General Discussion: On-Topic and Off-Topic Posts Subject: RE: Non-revenue-producing (Was: cctech Digest, Vol 96, Issue 5 On Tue, 16 Aug 2011, Rod Smallwood wrote: have Covering the costs by charging for your work is considered to be "re-investment of profits" (which ARE likely to be taxable)