SD1
Level 2

Business & farm

Thank you Irene. I had one quick follow up question. I plan to hopefully grow this business and am investing in some more tools for the work. I am hoping this is not the case but in the event my expenses are more than my income and I have to report losses, is that acceptable considering it's not a registered business? I read a lot of statements in the publications like "Tools must be necessary and related to the trade" ... and I am concerned it's an issue if I am unable to prove the trade.