I bake from my home and sell fondant cakes. I have been very careful in making sure I follow all the laws within the Cottage Food Law for the state of Ohio. I was told that I need to file a schedule C is this correct and is there anything else that I need to be doing. I keep very good records of everything I have sold and of all my pruchases for my side business. Any help would be greatly appreciated!!
I'm impressed! Yes, use this form to show profit/loss for the year 2014. For all small businesses in the US that are sole proprietors, Schedule C and instructions. Check with your state to see if Ohio has any additional sales taxes.
Wow, I'm impressed too! I also work from home and also file taxes on my cake business. Not everyone feels the need to do such!
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