What happens if I don’t report my craft income?
Not reporting income can lead to penalties, interest, and compliance issues later.
The Narrative
The Empathy
It can feel harmless to skip reporting small amounts, especially if you were paid in cash. But the uncertainty hangs over you.
The Education
Tax agencies expect all income to be reported. If income is discovered later, you may owe back taxes, interest, and penalties. Payment processors and marketplaces can also report sales, which makes discrepancies more visible. Reporting accurately keeps your business clean and avoids issues down the road.
The Solution
Track sales and expenses consistently and report your net income each year. If you missed reporting in the past, consult a tax professional about amending returns or voluntary disclosure options. Proactive compliance is almost always the best path.
Stop Guessing. Start Growing.
Stop waiting until the end of the month to see if you made money. Get instant clarity on every sale, even without Wi-Fi.
