16 Aug
2011
16 Aug
'11
10:38 a.m.
Ypu've not met the ridiculous red tape we have in the UK...
-tony
It's almost as bad in the US. They don't come in and make you install saw
guards, but if you don't have a tax attourney they will claim that anything
above a loss can't be a hobby and is self employment income.
A Nascar team or horse breeder can be a (profit generating) hobby, but
according to the IRS making kits has a profit motive even when it is only 5%
of your claimed income.