Keeping track of Expenses

by Blaine
(Portland)

Make sure that you keep receipts for everything that you buy as part of the business; Oil/lotion, office rent, drapings, cost of laundering the drapings, cost of continuing education, everything. This is all deductible income, which means that you subtract it from your years income to determine how much income you pay taxes on.

Then just calculate your taxes normally on the money you made (keep track of this too).