I am starting an online business (by myself, alone) and want to know what I need to do to operate legally (taxes are my main concern).
My service is photo-altering (changing people's personal photos to make them look like they are hanging out with celebrities, or a head on mt. rushmore, or just if they want whiter teeth, I do what they want with them).
Basically we talk about what they want done, and then they send me a payment along with a digital photo. I change it for them, and send it back.
I will of course be keeping records of all transactions, but do I need any special documentation/business registration papers or anything to do this legally?
Can I just report all of this income when I file my taxes? Is it that easy?
Thanks for any help!
My service is photo-altering (changing people's personal photos to make them look like they are hanging out with celebrities, or a head on mt. rushmore, or just if they want whiter teeth, I do what they want with them).
Basically we talk about what they want done, and then they send me a payment along with a digital photo. I change it for them, and send it back.
I will of course be keeping records of all transactions, but do I need any special documentation/business registration papers or anything to do this legally?
Can I just report all of this income when I file my taxes? Is it that easy?
Thanks for any help!