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Self employed and working a salaried job at the same time. Do I lump all income as "Business Income"?
I am in a particularly interesting situation. My wife and I own a small business, of which only the 2 of us own. At the same time, I am also working full time and am salaried through the organization I am at. My question is: when I start calculating net income; do I add business income (small business) AS WELL AS the salary income? I am currently using QuickBooks Self Employed and I'm stuck in which to classify the income. Is it personal? Or is it lumped in with Business income? Thanks so much.
‎June 5, 2019
10:33 PM