@VolvoGirl Thanks! I can see I have some reading to do . . . I'll head to those links you posted.
By "reinvest" I basically mean use money in the same calendar year to pay for expenses which would benefit the company. Like buying a new computer, or adding other technology which would allow me to potentially make more profit the following year. Yes, this is a Schedule C business, so I think I follow what you're saying. I've done this in the past, but my expenses were basically just the things I needed to keep the business afloat. Now I'd actually like to be proactive and spend more.
