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blog! “Is it rude to make a profit from your friends?”
You're in a restaurant with a group of friends. The waiter won't let you split the bill, so you offer to pay for it on your card and have your friends send you their share. How much would you charge them for that service? That sounds absurd, right? OK, you might agree to split the […]
Read more: https://shkspr.mobi/blog/2024/05/is-it-rude-to-make-a-profit-from-your-friends/
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#business #introspection
@jmb@mastodon.me.uk@Edent I’ve been toying with the idea of selling some t-shirts that I’ve designed based on out of copyright book stuff. I have set up a small shop page and linked it to an on demand printing service thing. Just can’t bring myself to put it live as I’m not sure I want to deal with the tax implications etc! (Not to mention GDPR, T&Cs etc) Ideally I’d not make any money from it and donate all the proceeds to a club that I’m a member of but I guess I’d still need to pay tax first.
@Edent Although I’ve just double-checked and regardless of my tax bracket through my normal employment, it looks like you can ignore the first £1000 of any income through trading like this anyway. So might just go for it. Not expecting to make that much!