These past few days I’ve been working on my tax declaration for 2011. So far I’ve been doing the accounting work myself, though for next year I will probably delegate this to an accounting firm.
The expenses for 2011 came to a total of 3 230.76 dollars. Divided into items, the costs were as follows:
|CreateSpace pro plan||$200.17|
The domain names and hosting items are the only costs that are paid annually ($172.59). The remaining items are investment costs for marketing and product development that are only paid once.
As for the income, Siforia pulled in 910.56 dollars during 2011. This did manage to offset the investment costs by quite a bit, even though this is the first year.
|Hard copy books||$671.70|
|Private ad deals||$230.96|
Note that the income is slighly lower than the sum of my monthly income reports. This is because it only takes into account money I have actually received and not money floating around on any Internet accounts.
As expected, the balance sheet for 2011 is negative. The company has a total debt of 2 325.45 dollars as of the end of 2011.