Tagged Questions

0
votes
2answers
42 views

Calculating mileage for reimbursement

My wife is starting as a dance instructor while working at a regular job. Her studio space requires that she drive a fair distance to and from the house, and I have a couple of questions on how to ...
1
vote
2answers
190 views

I'm an English man living in Germany, where should I register my business?

I suppose this question would be useful to anyone who is natively from one country but living in another setting up a business. I'm an English man currently with a business bank account and sole ...
1
vote
2answers
356 views

Can we use the tax classification of “disregarded entity” for our LLC if all owners live and work outside the US?

We have registered a US LLC to help us get a US bank account. We are based in the UK, however we have some suppliers we import from in the US and we have clients who will purchase from us in the US. ...
1
vote
3answers
217 views

Are mobile phones and service contracts a business write-off?

I purchased a smartphone to help me conduct my business (mobile hotspot, email, access company intranet, etc.). Previously, I did not own a cellphone, personal or business. Additionally, I signed a ...
4
votes
2answers
273 views

Startup Taxes and Accounting: Finding services, Best practices, & How not to go to jail

There are many money issues that neither add to my code base nor user base. For example: payroll taxes and excise taxes W2 W3 W4 I9 941 940 1120 + all the equivalent state forms all of those ...
4
votes
2answers
1k views

Do I need 1099-MISC forms for someone paid via paypal?

If I pay someone via paypal, do I still have to fill in the 1099 and/or w forms?
4
votes
2answers
142 views

income in paypal

Does income in my paypal account need to be declared for tax purposes, or does it just have to be declared for tax purposes if I transfer my paypal funds to a real bank account?
1
vote
2answers
282 views

Is there a minimum amount of money to become taxable?

Is there such thing as not making enough money to get taxed in NY state? What is that amount?
5
votes
1answer
355 views

Is it possible to delay customer invoices to the next financial year so I can save tax?

I'm operating a startup in its 1st year. This year's sales from consulting services is very good but the pipeline for next financial year is very very weak. My question is, legally, can I delay ...
0
votes
5answers
234 views

What's the most important thing that startups should know about tax (in the US)?

Tax is a strange thing to deal with. What's the most important thing that incorporated startups in the US should know about tax?
4
votes
4answers
535 views

Seed Capital to Live On, Do I Pay Taxes?

I've been working on a startup since Jan. 1, 2009. To keep me alive (physically on a ramen diet) my parents give me $1-$2k per month. My company is set up as an LLC and my parents would like to ...
4
votes
2answers
273 views

Have you applied for R&D tax credits?

Like many software product companies, we spent an exorbitant amount of money in 2008 developing our product. I’ve heard that there are federal R&D tax credits available ("Section 41 Credit"), but ...