Timothy P. Deegan
CPA & Company
9200 NW. 36th Place Suite-A
Gainesville, Florida 32606
Ofc. 352.337.0020
Fax 352.337.0040
Cell 352.494.6197
CPA & Company
9200 NW. 36th Place Suite-
Ofc. 352.337.0020
Fax 352.337.0040
Cell 352.494.6197
These Tax Tips are focused
on Businesses
Business or Hobby?
It is generally accepted that people prefer to make a living doing something they like. A hobby is an activity for which you do not expect to make a profit. If you do not carry on your business or investment activity to make a profit, there is a limit on the deductions you can take.
on Businesses
Business or Hobby?
It is generally accepted that people prefer to make a living doing something they like. A hobby is an activity for which you do not expect to make a profit. If you do not carry on your business or investment activity to make a profit, there is a limit on the deductions you can take.
We welcome any questions or comments you may have. Feel free to contact us at any time by clicking on the link to the left.
Office... Cell... Fax... Email...
352.337.0020 352.494.6197 352.337.0040 Taxdeegan1@aol.com
Timothy P. Deegan, CPA & Company
9200 NW. 36th Place Suite - A
Gainesville, Florida 32606-6688
352.337.0020 352.494.6197 352.337.0040 Taxdeegan1@aol.com
Timothy P. Deegan, CPA & Company
9200 NW. 36th Place Suite -