Build to Enough

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 FIND OUT:

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

Show Notes

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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Creators and Guests

Host
Keila Hill-Trawick, CPA, MBA
Helping entrepreneurs create and maintain the business they want | Building to Enough | LinkedIn Top Voice | Intuit Partner Council | Accounting Firm Owner

What is Build to Enough ?

Little Fish Accounting presents Build To Enough. The pursuit of endless growth and scaling can leave entrepreneurs feeling burned out and unfulfilled. This podcast explores how to build sustainable, purpose-driven businesses that align with your lifestyle and values, rather than defined by rapid expansion alone. On this show, we’ll reframe definitions of success, provide strategies for structuring companies around desired lifestyles, and share stories of entrepreneurs finding deeper fulfillment by focusing on “enough.” Join us as we discuss moving off the hamster wheel and building businesses with balance and meaning.