The Trainer — May 2014

Calculating Income from Self-Owned Businesses; Preparing for Annual Audit

In this month’s feature, we discussed how to calculate and verify the income a household member gets from a self-owned business. You need to know what to count as income from the business so you can accurately calculate the household’s rent. And you must verify the income even though the member doesn’t have a regular employer or government source to whom you can send a verification form.