First I will say hi since Iam new here, thank you all for what looks like a solid young forum.
I would like to open the conversation on tax issues, and business classification. One of the common and should be obvious is to have your recipies in order when applying for licences, etc. But I was wondering if it is possible to classify yourself as a developmental business to kick start things, not selling any mead, and keeping the volume below the legal limits to be considered a home brewer? I know that this may seem like a cart before the horse thing in some regards. Also tax law seems to be a moving target, particularly for the small or home business in recent and upcoming years.
Rob
I would like to open the conversation on tax issues, and business classification. One of the common and should be obvious is to have your recipies in order when applying for licences, etc. But I was wondering if it is possible to classify yourself as a developmental business to kick start things, not selling any mead, and keeping the volume below the legal limits to be considered a home brewer? I know that this may seem like a cart before the horse thing in some regards. Also tax law seems to be a moving target, particularly for the small or home business in recent and upcoming years.
Rob