Like any professional, a yoga teacher must declare their income each year. Here is the essential — and why it is best to get support.
The annual income declaration
The general declaration of the taxpayer’s (and household’s) income and gains is filed with the tax office of your place of residence, on the prescribed form, with the supporting documents required for certain deductible charges. It is strongly advised to seek the advice of an accountant or chartered accountant in your country.
Keeping a record of income and expenses
As a general rule, you keep a book of income and expenses. The simplest way is to contact the tax office or an accountant to find out which bookkeeping to set up — paper version or accounting software on a computer.
