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From:
Subject: Re: [TGF] options after closing a business
Date: Mon, 9 Apr 2012 11:51:28 -0400 (EDT)
References: <20120409142409.6A315.280935.root@hrndva-web03-z02><CA+hjQq4tY34yPoReh--OPojNTBbX26tdd0Bcynpo44mcdQwo7w@mail.gmail.com>
In-Reply-To: <CA+hjQq4tY34yPoReh--OPojNTBbX26tdd0Bcynpo44mcdQwo7w@mail.gmail.com>
Amy:
Are you really closing your business if you continue to do lookups and charge for expenses? I don't think so. The IRS has one definition of a business as opposed to a hobby that has something to do with how many years one turns a profit (and I'm not at home right now so I can't look up the numbers) but it is my understanding that many genealogists who run businesses do not make a full-time living at genealogy. They either choose to work part-time or they have a "day job." But keeping your business open, even if it only generates a small amount of income and doesn't turn a profit might allow you offset some of your genealogy expenses. You might need to talk to your tax accountant about the logistics of this.
What I hear you saying is that you are rethinking your goals. You want to remain active in the genealogy community but you either want to or need to generate more income than your genealogy business allows you to do. Many APG members do not accept clients and I'm equally sure that many who do say they accept them have very few. The BCG standard apply to the quality of your work and are independent of whether you are are charging for your services, volunteering or working on your own. family history. Good luck revising your goals
Chris Green
Genealogist and owner of C&M Market Research for the past 15 years
C.
On Mon, Apr 9, 2012 at 10:24 AM, <> wrote:
> I am seriously thinking about closing my genealogy business since after a
few years as
it has never made money and other factors. It seems as if I am a good
genealogist, but
I had few customers and it has been a learning experience. I have
recently renewed my
APG dues and I have a website that doesn't need renewing until the middle
of next year.
I am thinking about going back to volunteering, as a independent, which I
can put on my
website although I am unsure if I can put I am still accepting clients on
the APG site.
Another issue is I think with doing look-ups I could charge for the
actually costs (such
as mileage, postage, and record) without having to be a business.
What I didn't know is if I could still do in-depth research with using the
BCG standard
as I always done without issue. Any advice would be welcomed.
Thank you,
Amy Dunn
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olly Springs, NC 27540
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