I'm in need of some explanation/help when it comes to starting a company. More or less.. is this legal...
I skydive... It's expensive.. sometimes I'll do a training jump with a less experienced jumper that I get paid for.. Right now, I just pocket the money..
I spend a lot of money on my own jumps to get better at skydiving. Can I start a company up so my jumps are a tax write off? all my gear is a write off? all my training I do when it comes to skydiving is a write off? And I can claim my coach jumps as income?..