All Questions
Tagged with small-business income
12
questions
5
votes
0
answers
143
views
What counts as different sources of income?
I'm a freelance writer (in US), but I also do some freelance video editing, programming, and virtual assistance along the side. I'm wondering if each of this counts as a "separate source of ...
- 331
-4
votes
1
answer
87
views
Is it more tax efficient to use a website that does the logistics, manufacturing and selling for you? [closed]
Is it more tax efficient to use a website that does the logistics, manufacturing and selling for you like Merch By Amazon, or is it more tax efficient to create your own store with Shopify, do your ...
- 211
21
votes
3
answers
7k
views
Is money from the sale of an asset considered income?
Is money from the sale of an asset, like a pickup truck, considered income? For example, let's say I am a carpenter and I buy a new pickup truck for $40,000. I deduct $18,000 in depreciation for the ...
- 9,785
2
votes
2
answers
157
views
If I intend to earn on the side doing different category of things should I do it as an individual or as a small business?
If I have a few areas of expertise (that can't fit a classification of services/products) and I'd like to make use of those and provide products or services based on those, should I do it as an ...
- 1,936
1
vote
1
answer
410
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
1
vote
1
answer
413
views
What to do with an old building to get money
My father owns a home, inherited from his parents--my grandparents. It's a very old building. He can't rebuild it because it is in town and in a difficult place.
He replaced the roof because it was ...
- 113
0
votes
2
answers
982
views
How can I make $250,000.00 through investing within 5 years?
I've decided to finally start setting financial goals. I never believed I needed them, but it makes sense to aim for something measurable and possible in order to focus my efforts. I would like to ...
- 57
3
votes
2
answers
427
views
How do owners in a partnership earn income?
I am 1 of 2 partners (no employees) in a recently registered consulting business. Essentially we are 2 former sole proprietors joining forces. We are currently working on forming our partnership ...
- 131
1
vote
1
answer
125
views
New business owner - How do taxes work for the business vs individual?
I have a business that is in it's 2nd year and has now made $400ish. I have the money just sitting in the business bank account. I do have a business partner. A couple of questions?
If we leave ...
- 53
2
votes
1
answer
464
views
Starting a side business slowly
Inspired by this question and this question.
I have been looking at some ways to try to earn extra money on the side to assist in my finances, and have come to the conclusion that the best way would ...
user12515
1
vote
1
answer
687
views
Can I have a side income without registering it as a business
I am full time employed. If I want to generate some income from a side hobby-business by buying and selling gift cards, at what point in time do I need to register as a business/corporation with the ...
- 16k
0
votes
1
answer
71
views
Where can I find information about the relationship between the owner of a company and its business administrator?
Through the past years, working as a employee, I have managed to save some money and now I want to buy a company. I chose a restaurant, because I already have experience in this area. However, I do ...
