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Reply to "a few art shows since august and paid sales tax, do I need to do taxes?"
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[quote=Anonymous][quote=Anonymous]I started my own craft business this year and set up tent at local festivals. I charge sales tax and send it in based on my sales after every show. I do have a tax number and license with a registered name. I made under $10,000. Do I need to file taxes and if so how? I have no employees or business expenses. I just set up at local shows and sell out of a tent. I'm married and a SAHM so my husband claims me as an dependent with no income in previous years. No idea what to add now. TIA![/quote] Yes, you will have to pay Federal, and State income taxes and FICA. Since you are self employed, you will have to pay the employer and employer FICA. Keep track of all your expenses- how can you have no expenses? Does it cost to buy a table at the show? How much have you spent on materials to make the crafts? Did you buy the tent or any of the things you use to display your crafts? [/quote]
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