What about "dive trip" income, the monies I collect for tour & travel, are these included in my "scuba related" income?
Yes, the net profits you make in arranging tours and travel are included in "scuba related" income. Not all of your tour and travel monies are "true" business income, some portion are monies you are holding in "trust" for your customers to pay for their tour and travel arrangements. You should keep a separate trust account for tour and travel receipts and only report net profit as a part of your "gross scuba related" income for insurance purposes.
