Questions tagged [self-employment]
This tag is to be used for all questions related to Self Employment. Typically this tag should be accompanied by a geography tag indicating the region for the question along with other specific topic tags.
403
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How much money can a self-employed person put in his IRA
Consider a self-employed person (over 55) who wants to contribute to an IRA.
His income from self employment is 8000. That is, on line 31 of his Schedule C, the number 8000 appears.
He cannot put into ...
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Going from self employment to being an employee
Is there a way to determine what my take home pay needs to be in order to start working for a company, whether it is hourly or salary?
I am located in NW WA state and have been self employed since ...
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I'm working for parents for money for Roth IRA. What docs might be needed to support it as earned income?
I'm 58 years old, and living at home with my parents. I do some things to help them out, but they are being a bit generous to let me stay in an addition that my grandmother built on to their house. ...
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Self-Employed near retirement needing to start a retirement account
My father is 58, with no retirement accounts. He's run a sole-proprietorship for most of his life with 0-1 employees and doesn't have too much in savings. We're exploring the options of a ...
- 313
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Do freelancers who receive a W2 qualify for home office tax writeoffs in the US?
Last year I freelanced year round in the U.S. For work performed from Jan-Oct I received a 1099-NEC (Non-employee compensation tax form) from my clients. However, from Nov-Dec I worked for a new ...
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To receive payments from a US company, do you need to start a LLC/PVT in India?
A person, let's say "X" got an offer from a US company as a Consultant. X lives in India. To receive payments from US company, does X need to start a LLC/PVT in India?
How can X receive ...
2
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2
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666
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Starting as a sole trader under pre-settled status
I've been in the UK for the past 4 years and I have a pre-settled status.
I am currently an employee but I'm considering switching to freelancing/sole-trading to start working with a company abroad.
...
4
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1
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Changing "Tax Deduction at Source" to "Zero" - How to request your employer not to hold your taxes?
In Canada/Ontario, in both cases of permanent and contract employment, is it possible that I request my employer that they pay me my full before-tax salary and I pay the tax at the end of the year ...
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3
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Why should I offer my tutoring services through a more expensive specialized marketplace instead of a cheaper general classifieds website?
I have posted a related question, but it seems the thread of that question has taken a different direction from what I originally intended. The thread mostly discusses the merits of the startup and ...
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Why is this tutor agency startup so highly valued by investors?
I am currently a university student, looking to make a bit of extra money. I got excellent grades in high school, so I was looking into tutoring.
I figured from research that I could get some clients ...
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1040-ES Line: 15. What to put here if I started self-employment in Q2?
I've recently started work as an independent contractor starting in April and I'm trying to calculate my estimated quarterly taxes for Q2. Line 15 on 1040-ES says:
"If the first payment you are ...
- 123
4
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2
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117
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Accounting/legal service for small part-time consultant
I am starting part-time consulting in the U.S. on the side of my full-time job, mostly for fun (programming and web development). So far, I only completed one project and although I am marketing ...
- 171
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6k
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Can I send back money I "loaned" from my personal account to business account?
I opened a self-employed business (in the UK). As a starting budget I sent £100 from my taxed salary to my business account to have something on it. Can I send it back from my business account to my ...
- 263
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Health Insurance Premium deduction for Husband/Wife LLC
Assume the following situation:
My wife and I own a LLC in a community property state. (50/50)
We are self-employed and have no employees.
Under this arrangrement, business income flows through to ...
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Employer forgot to file 1099 for me, when do I file my taxes?
I've provided some services to USA company during 2020 as independent contractor and was waiting for a company to send the 1099-NEC form so I can file my taxes.
Now the company just told me they ...
- 161