I make a few cakes here and there. mostly just on my own to practice and i go give them away. every so often i will make a cake for a friend that asks for their kids birthday party and cupcakes for the teachers that ask at my kids school. the only cash i would bring in is money that friends shove in my pocket that i try to refuse when i make a cake as my birthday present to their kid.
i had some people say they were going to report me for making a cake a month for friends kids.
i know there has been some sort of cottage food law passed that lets people bake at home now in texas but i have tried reading about it and all the legal stuff is so confusing to me.
what are the basic details of this law.
im also confused as to when i decide to try to start doing cakes professionally on a regular basis and keep cash books and such stuff for taxes. so from what i understand now i should report the $20 that people slip me for a cake I do. but if i do that to keep people on here from reporting me then i have to lable my self as a home business, i will have to pay a self employeed fee to the government and all that and pay taxes out but i dont understand why since i buy more stuff for cake making than what i would bring in even if i was to charge for cakes right now. so to me that seams pointless to even try cause i will end up defeiting the purpose of making cakes for extra cash when the money i make is less than what i put out. and i would loose my WIC for being self employeed i get for my son too but i dont have income.
i want to do cakes when my son gets old enough to put in day care and i can afford it but i dont see how the money is there to make. the city i live in people dont want to pay out unless you go to the very rich areas and thats huge weddings cakes that i wouldnt dare jump into. how do you make money off of cakes when you have to rent commercial kitchens to make large enough cakes or mass quantities for a whole weekend. then you have to calculate in product cost, then pay your taxes, and pay for some sort of insurance incase you do something wrong. i just dont see how there is a penny left for you. especially if you have to make a practice cake for a new style and have to make tasting cakes for the people that want tastings of every flavor .
im so cunfused. any help is appreciated.
i had some people say they were going to report me for making a cake a month for friends kids.
i know there has been some sort of cottage food law passed that lets people bake at home now in texas but i have tried reading about it and all the legal stuff is so confusing to me.
what are the basic details of this law.
im also confused as to when i decide to try to start doing cakes professionally on a regular basis and keep cash books and such stuff for taxes. so from what i understand now i should report the $20 that people slip me for a cake I do. but if i do that to keep people on here from reporting me then i have to lable my self as a home business, i will have to pay a self employeed fee to the government and all that and pay taxes out but i dont understand why since i buy more stuff for cake making than what i would bring in even if i was to charge for cakes right now. so to me that seams pointless to even try cause i will end up defeiting the purpose of making cakes for extra cash when the money i make is less than what i put out. and i would loose my WIC for being self employeed i get for my son too but i dont have income.
i want to do cakes when my son gets old enough to put in day care and i can afford it but i dont see how the money is there to make. the city i live in people dont want to pay out unless you go to the very rich areas and thats huge weddings cakes that i wouldnt dare jump into. how do you make money off of cakes when you have to rent commercial kitchens to make large enough cakes or mass quantities for a whole weekend. then you have to calculate in product cost, then pay your taxes, and pay for some sort of insurance incase you do something wrong. i just dont see how there is a penny left for you. especially if you have to make a practice cake for a new style and have to make tasting cakes for the people that want tastings of every flavor .
im so cunfused. any help is appreciated.
Slow and steady wins the race.... as long as the cottage food law says in place.
Slow and steady wins the race.... as long as the cottage food law says in place.
I'm talking about having licenses for other things not related to this that I go through. Unless I am not reading things right it isn't too appealing.
