All Questions
Tagged with small-business self-employment
25
questions
6
votes
3
answers
2k
views
US: how to prove business expenses?
I'm a freelance writer who works from home. My internet fees should count as business expense and be deducted from gross, but the question becomes how much? Since I also use internet for entertainment ...
- 331
2
votes
1
answer
191
views
Can a full time employee who also owns a side LLC claim "self-employed" deductions?
I am working full time for a corporation in NYC (I have w2). I also own my own side Educational LLC (EdTech) which has claimed $0.00 in income for 2018, but has accrued several thousand in startup ...
- 135
2
votes
1
answer
155
views
Recently started selling hand-made products in online shop. What do I need to do? UK
I'm a hobbyist electronics engineer and I occasionally sell things that I make (electronic music devices) on eBay. It has snowballed a little bit and I have opened an online shop.
I live in the UK ...
- 121
2
votes
0
answers
172
views
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 ...
- 101
2
votes
1
answer
277
views
Self-Employed vs. LLC vs. "Something Else" for an at home business with two employees?
Though my circumstances are not that difficult, I want to be sure that I pursue the correct legal path for my family since our business administrative needs may be changing.
I am a self employed ...
- 835
1
vote
0
answers
448
views
Which form to use, 1040 ES or 941, for one member S corp quarterly tax?
I am a contractor, and want to form an LLC and select being treated as S corp (by 2553 form).
I read online about federal quarterly payroll tax using form 1040 ES, but this article suggested to use ...
- 111
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
4
votes
2
answers
198
views
Sole trader or Limited Company?
I'm looking at getting back into freelance graphic design (after a 2 year break staying at home with the children). I would probably only work 10hrs a week and not earn more than £10K per annum. This ...
- 41
2
votes
1
answer
83
views
Employer options when setting up 401k for employees
It is a bit tough finding this info online, I am going to ask my CPA but I wanted to get some background info from the web first.
I currently have a SEP set up for myself but am looking into setting ...
- 121
1
vote
1
answer
89
views
Taxes on selling ownership of my software/web service to someone else?
I am not incorporated, just a sole proprietor. I am based in the US. I developed a software package and published it on the web. Recently, I received an offer to sell the web service and transfer all ...
- 153
1
vote
1
answer
158
views
Becoming self-employed alongside a full time job, working abroad in the UK
I am a foreigner working full-time in the UK and studying part time at Uni. I want to study full time. In my old country, I used to draw and fix computers to earn some extra money.
What should I do ...
- 51
3
votes
2
answers
828
views
When one pays Quarterly Estimated Self Employment Taxes, exactly what are they paying?
Ok, I have read more articles than I can count, and I'm still unclear on my expectations regarding taxes for this year.
I am newly self-employed (as of July 15th) and soon I will need to make my ...
- 835
1
vote
1
answer
2k
views
Can a business owner be the signatory on a check made out to themselves?
I am curious as to whether a business owner can sign a check made out to them personally.
- 11
2
votes
1
answer
124
views
How to report house used for 100% business?
Self employed as sole proprietor, was using 1/3 of home as home office. Have moved across state line to new house on July 1st, but keeping old house solely to see existing clientele for the ...
- 21
6
votes
1
answer
174
views
Is it OK for a UK company to have costs that will exceed the reserves? Insolvent now or later?
I am sole director of a limited company. The costs this year will exceed the available funds if everything was settled up. The company still has good cash in bank because it owes money to the director ...
- 61