So this is the second year that we had to prepare taxes for the cookie business. My lovely, talented, and naïve wife has no concept of the business world. Apparently a bachelors in Biology and a Masters in Education never covered P&L (Profit and Losses for you other non-business folks). This forced education has been not without some laughs, some ibuprofen, and having to explain the same concept 3 different ways at times until we were all on the same page.
We had some enjoyable conversation, winners like:
“You spent how much on butter?”
“You spent how much on stencils???”
Many a rousting conversation about whether shipping should be included in expenses. Really riveting stuff.
So after hearing her rejoice at entering her entire year’s worth of invoices and receipts (since keeping up with them as the year went is just silly). After hearing her lament about the difference in her income from being a 15-year teacher to a one-woman bake shop. After explaining that shipping should, in fact, be listed as an expense…it all reminded me of how wonderful the whole experience has been.
She is so happy making cookies, talking about cookies, reading about cookies and just everything...cookies- I will happily use my MBA to be her private financial advisor to ensure that her creations can continue. After all, who knows how much she’ll spend on stencils next year…
4/14/2015 02:45:06 am
We have the same arrangement...I spend..he does the finances...only I don't sell my cookies....so I don't worry about profit or loss. He's only too happy I have a hobby I just love. He's a wood carver so he has "tools" too. Thanks for the amusing post!! --Katy
4/14/2015 10:02:16 am
How could she go wrong with such a great financial guy?
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My name is Mike.
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