All Questions
Tagged with self-employment income
15
questions
2
votes
1
answer
152
views
Are there any reporting requirements for large tips when self-employed?
I am technically self-employed and report my income as such on my tax return, along with paying quarterly estimated taxes as required.
My income is entirely composed of voluntary tips, and almost ...
- 165
0
votes
1
answer
176
views
Freelance income from different currencies (UK)
I have a UK day work and also do some freelance stuff. I will start to work as a freelance for a Swiss university and for a Canadian organisation. I will invoice them in CHF and USD respectively as ...
- 157
1
vote
2
answers
138
views
Statistically who gets higher **average** income, an employed engineer or IT startup founder? [closed]
Founding a startup is a great idea, you may become as rich as Jeff Bezos, Elon Musk, Bill Gates or Mark Zuckerberg. Wait... or may not. It of course depends on your skills and perspiration they say. ...
- 11
3
votes
1
answer
2k
views
Self-employed net income for affordable housing - valid to take from profit/loss?
I'm trying to understand net income from self-employment, when qualifying for an affordable housing program.
I had always thought that net income was the cash (checks, wires, etc) coming in. However,...
- 360
2
votes
0
answers
1k
views
tax identification number in W8-BEN - Canada specific question
I live in Canada and have done a contract job with a U.S. company, and they ask me to fill a W8-BEN form to pay me.
I'm asked to note that on the W8-BEN Form either section 5 or section 6 must be ...
- 121
5
votes
1
answer
634
views
Tax requirements for an independent contractor in Oregon?
I currently work as a full-time employee for a company, but I recently learned that one of our clients wants to pick me up as an independent contractor.
The transition will be well worth it:
...
- 151
1
vote
1
answer
411
views
Can a high down-payment on a house offset the need for proof of income?
Say someone has a small business and is self-employed -- therefore, they don't have any proof of income in any way (assume such an example). This person, however, has 75% of the down-payment on a ...
- 53
2
votes
1
answer
117
views
Moving from employee to self-employed: How to determine what to charge a client in a corp-to-corp contract?
I have no experience in working as a C2C contractor with a client. Yet that is the only way this company will hire me. In fact I have not had a contractor W2 job in ten years; I've been someone's ...
- 23
3
votes
1
answer
414
views
Germany: Employee and Entrepreneur at same time (for getting AppStore payments)
Currently (in Ukraine) I am working as Private Entrepreneur. As Private Entrepreneur I can have several bank accounts in USD, UAH, ... So it is not a problem to receive Apple's AppStore payments (in a ...
- 133
1
vote
1
answer
124
views
What suggested supplemental income opportunities exist for a 70 year old Canadian retiree?
This is similar to the question "Extra revenue for retiree receiving a basic public pension", but focusing not on whether, but what.
I am wondering what forms of supplemental income (jobs/gigs) would ...
- 497
3
votes
1
answer
128
views
How do you Record Revenue from ads?
I have a website with an increasing traffic so I decided to make it as a business and add ads into the website. I'm currently in the process of registering my business and I don't get how would I ...
- 133
0
votes
2
answers
306
views
Can I deduct expenses incurred to earn side-income, while full-time employed - in Canada?
I've just been hired full time at a firm I used to independently consult at. As a sole proprietor, I'm used to writing off my home office space, various software subscriptions, equipment, web hosting,...
- 161
1
vote
1
answer
50
views
US-NYC Tax question about self-employment work online for a Europe based company
I've been doing contract work online for a company based in Germany. So far I've made about 2,880 from Jan-June $500 a month then $480 after paypal. I don't get a 1099 from them. But I was wondering ...
- 11
3
votes
2
answers
4k
views
W-8BEN? What's the tax from selling my software to a U.S. company, from abroad?
I am developing software program (I live and work outside of US - Europe, I don't have a company), and now have a client from US which wants to license my program (pay me money so he can use it).
He ...
user2734
6
votes
4
answers
911
views
(Legitimate & respectable) strategies to generate "passive income" on the Internet?
After reading RDPD by R. Kiyosaki I'm trying to find chances to build up my Passive Income.
By Passive Income I mean that I do not have to take care day-to-day of that "thing", but it generates some ...
- 221