hi! I currently sell balloon garlands for events, I am paid through cash app, Venmo, and Zelle. I know I will be taxed on this income. will I be able to write off my expenses?
My friend and I do this side business together. we transfer money to each other all the time for supplies and personal reimbursements. not all transactions are for the business. how can I avoid being taxed on personal transactions?
Thank You!
