So Far

Kim has done pretty well over at the resort this week...so far.  There are plenty of folks there that want to partake of the crafts she has for the kiddos.  She has been so busy with the crafts she hasn't even had time to set up and sell our pre-made items, her jewelry and my leather.  Those are where she make most of her money.  Being busy is great, she usually makes it home worn out, but this time around she isn't as tired.  Even with help she brings with her they are too busy to sell the extras.  It's win for her and we are thankful for this success.  Maybe we can pay our taxes on time LOL.

We are taking a big hit on the taxes this year.  The bill was almost double last year with the income being almost identical.  Then Kim noticed that some of her expenses weren't getting reported and may never have been.  For some reason Quick Books wouldn't let those extra expenses show up even though they were entered correctly.  Consequently the CPA didn't catch them since they weren't showing up in the QB file we gave him.  Just a quick comment about her expenses created a second look at the issue.  Once that was corrected the tax liability was much less.  Now we need to see if we can submit amended returns for the previous years.  But we aren't entirely sure those same expenses weren't reported.  Since our income hasn't changed much over that time frame and the tax bill was almost the same, I am guessing they were reported previously.  Just some glitch in the software it appears.  We will wait on that conversation until after the deadline of 4/15 and our current bill is paid.  

Pretty sad that we are paying more in taxes but making much less income when we were both employed full time.  This self employed deal is a two edged sword.  It seems designed to keep a business from being successful.  It just sucks.

Happy Trails