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.
28
questions with no upvoted or accepted answers
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I'm still working but my payments are deferred due to Covid19. Do I qualify for unemployment insurance benefits?
I'm self-employed in California and my biggest client (>90% of my billable hours) is not able to pay due to cash flow disruptions related to Covid19. I've agreed to continue working and billing as ...
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4
votes
0
answers
80
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Calculating work from home expenses
I'm self-employed freelancer, and primarily work from home. I work more than 101 hours per month from home. I'm trying to calculate the proportion of my home expenses (energy bills, council tax, ...
- 151
4
votes
1
answer
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When does a self-employed tax payer have to make quarterly tax payment? (Safe harbor rule)
My question is about when does a self-employed tax payer have to make quarterly tax payments.
I understand that there is a safe harbor rule that says if you owed less than $1000 in taxes then you do ...
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3
votes
0
answers
345
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Bootstrapping Process for Creating a Single-member Limited Liability Corporation (LLC)
So I’ve read in a number of forums—mostly StackExchange and Reddit—that it’s a good idea to separate personal and business funds/transactions so that when it’s time to organize information for taxes (...
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3
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0
answers
46
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How Should a US Expat in Vietnam Optimize Compensation Package to Maximize Net Pay?
I may have the opportunity to work on a project in Vietnam starting in early 2020, and am hoping to get some advice on how I should negotiate my compensation package with regard to taxes. I am a US ...
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2
votes
0
answers
77
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The Social Security Special Earnings Limit Rule---How Long is the Cap on Hours Worked in One's Own Business Truly in Effect?
I am under the impression that retirees who are collecting Social Security benefits and start a business are capped in the number of hours they can work between 15 and 45 hours per month if they have ...
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2
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0
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101
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Can my wife use my income/credit card to buy products for her self-employed business (UK)
I am in full time employment in the UK (and have no other sources of income).
My wife does not currently work (since having children). She will shortly be registering as self-employed/sole-trader and ...
- 121
2
votes
0
answers
47
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As a UK LTD Company should my allowable expense claims be inclusive of VAT
I'm starting a LTD company in the UK and have a question surrounding the way that allowable expenses are claimed.
I understand that this question has probably been asked numerous times but no matter ...
2
votes
0
answers
153
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How to deduct subway commuting and rent as a part-time remote contractor on a 1099-MISC?
I am working on a 1099-MISC as a consultant to a tech company. As an independent contractor, I decide the locations from where I provide my services.
Most of the time, I am on site at the business ...
- 133
2
votes
0
answers
172
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Stop filing federal annual return (Canada)
I incorporated my company several years ago and since then I've been filing both my provincial and federal annual returns (pay $20 and confirm info). According to many sources, having the federal ...
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2
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0
answers
113
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Do I have to pay into Canada Pension Plan (CPP) as part time contractor?
I have a fulltime job with a company but in my spare time I do some contractor work for a few clients I gathered overtime. I understand that I have to pay income tax at the end of the year over my ...
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2
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0
answers
1k
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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
2
votes
0
answers
181
views
LLCs loan interest to avoid self-employment taxes
After doing some research on LLC setups and taxation, I have struck upon something I can't find an answer to.
If I make a loan to an LLC, taxed as a passthrough (multi member) to which I am a member ...
- 51
1
vote
0
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43
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Self-employed on the side and student loan
I'm in the process of filling my self-assessment form, and have come across a section that's confusing me a little bit.
My situation is that I'm in full-time employment, and doing some freelance on ...
- 151
1
vote
0
answers
71
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Starting a side business whilst full time employed
I'm currently employed full-time in a regular job, and pay income tax at the higher rate. I'm looking at setting up a very small side business which may make around £500-£1000 at the moment. I'm ...
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