Tax is a levy on the profits of your business, and can include federal corporate tax, individual tax, sales tax, payroll tax, and their state tax counterparts. Knowing a bit about tax will help you to choose the correct corporate structure and better run your business.
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4answers
303 views
How should a small US Corp hire and pay workers in the Philippines?
We are a small US Corp that hired a couple of workers in the Philippines to help us with some of our online work.
We are paying them directly, but that means they do not have Social Security or ...
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1answer
54 views
Maintaining S corp in california
I recently registered a S corp in CA. At this time I do not have any transaction. Income is 0, hoever I have made some expenses with my Biz account for small items like computer, desk etc.
From what ...
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1answer
82 views
How to compare contract rates with permanent rates, in UK
I am thinking of contracting, but do not know how to compare contract (inside and outside IR35) with permanent rates, within the United Kingdom (specifically England).
So far I have considered:
That ...
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1answer
35 views
Taxes with respect to content providers
I am developing a modest web site that shows content created by external providers. I use this content to promote my goods and sell them.
Instead of paying a fix upfront price for the content (I ...
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0answers
23 views
sales tax on Online Sales [duplicate]
Possible Duplicate:
Online Sales Tax: location based on transaction server, shipping address, CC, or location of purchaser?
We have company Incorporated in Delaware. We are into online ...
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2answers
226 views
Invoicing while full-time employed
I'd need some help in understanding what I need to do, admittedly I am getting into this for the first time.
I am full-time employed in a privately held company in the UK. Recently, I started doing ...
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0answers
50 views
Do home office, internet, computer usage etc count in tax deduction?
I plan to start up a Sole Proprietorship company in California. My question is that whether the following things are tax deductible? How I can get the money? (Should I reimburse myself?)
home ...
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5answers
2k views
What are the US laws governing taxation of remote employees from other countries?
Hi Id like to ask what are US laws that govern taxation when you hire remote employees from
other countries specifically Argentina, Philippines, Venezuela and Poland?
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2answers
199 views
Starting a Business
I wish to start a business within the UK, which will be an online venture. However, I am unsure of a few things.
Firstly, I know I will have to pay income tax, assuming it reaches the threshold of ...
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1answer
62 views
LLC in Arizona with an Investor in California $800 franchise fee?
I have an LLC in Arizona (a technology company). The business is physically located in AZ.
However, I have an investor from California who is willing to invest some money ~4K for 50% stake in the ...
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3answers
143 views
Defer Taxes on Profits in an S-Corporation
Are there any ways to defer taxation on S-Corp profits in a year?
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1answer
1k views
What are the tax consequences for Kickstarter earnings?
so kickstarter FAQ mentions the tax considerations (and lack of) for BACKERS, but what about for the person you contributed to
For instance, take a project like OUYA all funds went to Boxer8 Inc. ...
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1answer
90 views
Ballpark figure on one-time tax accountant fees
I've registered an LLC in the US as a foreigner. Registration was no problem, but I find the specific tax laws and regulations difficult, especially because it's hard to find clear information on what ...
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2answers
139 views
UK budget changes June 2010 - move from umbrella to startup own company?
I've been freelancing as a software engineer for a couple of years using an umbrella company. At the time I started, the consensus was that it wasn't worth the effort setting up your own company.
In ...
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5answers
355 views
How do companies like Microsoft, Google & Apple hoard cash?
I hear from a lot of small businesses that if they don't get rid of there cash by the end of the year then they get taxed. Also if they bank that money they still get taxed again every year, possibly ...
3
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2answers
239 views
Charging U.S. sales taxes on product purchased online and sold from foreign location
We are building an online application that will allow users to create and purchase high-quality typographic logos and business cards. The application is taking a while to develop so we've decided to ...
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1answer
83 views
Where locate/register ltd company? Where register as a freelancer and pay taxes in Europe?
I want to set up a company providing film consultancy services across Europe and later further afield; I work from my laptop and am trying to decide whether or not the best option is to register the ...
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1answer
73 views
Is a professional accountant required in a federal or a provincial corporation in Canada?
Is a professional accountant required by law to do annual taxes/reports/filings for a federal or a provincial corporation in Canada? I am about to incorporate my company but don't have enough money to ...
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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 ...
2
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2answers
502 views
Tax implications for a US based bank account held by an Indian residing in India
I am in talks with various international banks in India who're ready to provide us a US based bank account provided we meet their minimum balance requirements in a local bank.
A US based account will ...
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2answers
55 views
Taxes for Europeans working for USA llc- short term
I have an American based llc production company. I want to hire European
artists for a short period (1 month for a show) . whats the best route for their taxes and mine?
Would it be more beneficial ...
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0answers
71 views
Need to know the Tax ID
I'm have a few Android apps and would like to begin to monetize them with TapJoy
When filling in the Payment Information form, one of the fields that should be filled is Tax ID. I'm outside of ...
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2answers
157 views
Start-up Tax Deductions while on H1B
I have started my own software start-up since Jan 2011 where I was on H1B visa. I am also full-time employee at another company which is independent from my start-up. I got my green card last Feb ...
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3answers
185 views
Can I myself have two contracts with my own UK ltd company?
I'm soon going to register a limited company in the UK. I know that any ltd company is a separate entity, and if I want to get paid from the company I'll have to be employed as its director. However, ...
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2answers
145 views
Changing from self employed to an LLC
At the moment I work self employed as a web developer creating websites.
One such website has become fairly popular and I'm considering adding trademarks etc, is it possible/straightforward to switch ...
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2answers
1k views
Filling out a W9 as a Single Member LLC
I previously operated my consulting business as a sole proprietor operating under my own name, using my SSN on W9 forms, etc. I have since registered an LLC and am starting to bring in clients. I have ...
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0answers
148 views
sales tax / VAT for an appstore working internationally?
i am from india developing a startup.
being in india the tax laws are pretty old and confusing and i need help regarding it.
this is my question:
think of my business like an app store.
people can ...
2
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2answers
243 views
Tax law change on capital loss from s-corp
I have a small 1 person S-Corporation. The first few years I paid an accountant to do my taxes. I do not have revenues to my company, so I am using turbo tax to do this myself.
Last year I took a ...
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1answer
44 views
Do I need to register with the tax department of every state in which I have employees?
In my startup, we have employees (paid hourly) from New Jersey and California. The startup itself is based in New York. We're doing our payroll through Intuit, and the application is telling me I ...
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1answer
92 views
The correct prefix for a UK UTR?
What's the correct country code/prefix for a UK unique taxpayer reference I should give in an invoice when supplying services overseas? I suppose it's simply UK, but I couldn't find anything about it ...
2
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5answers
1k views
LLC or S-corp for a 2 person California consulting company
My business partner and I currently work as independent contractors in California writing software and have decided to turn it into a real company. Ownership will be 50/50. All revenue will come from ...
5
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3answers
1k views
c-corp tech startup with expenses but no income - worth getting a bank account and accounting services for writeoffs?
I recently formed a c-corp and am looking for outside investment very soon.
I'm paying out of pocket for startup expenses (office lease, office equipment, software licenses, etc). I will spend about ...
2
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2answers
81 views
What's the simplest way to calculate my tax burden?
I'm looking at starting an online game, with revenue coming in through the purchase of in-game bonuses. I've got a team of four people, counting myself, working on setting it up, and it should be ...
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3answers
448 views
LLC vs S Corp for a new business?
I am starting a new business in California and can't decide whether it should be an LLC or S Corp or an LLC as a S Corp. It would be a single person LLC or S Corp (no other shareholders or ...
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1answer
250 views
Do I have any U.S. Business Activities?
In Apple's iTunes Connect, under Manage Your Tax Information, there is this question:
Do you have any U.S. Business Activities?
In general, you have U.S. Business Activities if you have ...
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1answer
205 views
Need to include expenses you paid yourself on an LLC's tax return?
I may have made a goof here and want to fix any problems.
I formed an LLC in 2010. In 2010 and early 2011, I paid the LLC's expenses out of my own bank account, using my own checks, and I had no ...
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2answers
197 views
Using Dubai as a tax haven - US nationals
My friend approached me with a business idea of selling a service to allow US business owners to incorporate in Dubai in order to avoid taxes. She resides in Dubai and owns a business there, and she ...
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3answers
356 views
Using Dubai as a tax haven
I am British and want to startup my company in Dubai. What kind of issues will I run into if I want to use the money in UK, USA or anywhere else in the world?
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2answers
304 views
Sole Member LLC Tax Advice
This sort of falls into personal finance and money but also has a lot to do with business so I am asking the question here.
I have just recently started a LLC of which I am the sole member. I am ...
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1answer
232 views
Accountant or Turbotax 2011 tax filing for new startup?
I'm wondering if I can use Turbotax for my first year taxes on my startup, or should I use an accountant? Here are the details:
I'm a newly formed start-up that I work on in conjunction to my day ...
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3answers
124 views
US company want to send a German citizen that has visa and work permit for US to work from Germany- -how is the taxation
we have the following complicated issue:
US based company
has an employee who is German citizen but lately lived in the US with a US Visa and work permit and hired at the US company
company wants ...
1
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5answers
59 views
Managing taxes, quarterly filings - what am I looking for?
I'm not sure what the name of the service or person(s) I'm looking for, so I'm asking here hoping I can find the right thing to search for, and maybe even some recommendations.
We need someone we can ...
1
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3answers
397 views
Do I have to file an s-corp tax return?
I created an s-corp last year, but ended up not pursuing the business. No products, no revenue, etc. I have since dissolved the corp with the state (California). Do I need to file an s-corp tax ...
2
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1answer
120 views
What state do I need to file taxes in for my online business?
We have an online web development business with no true 'physical' address.
We have incorporated in DE, I reside in CA and use my address for the contact information and my partner who is a true ...
5
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3answers
372 views
Selling assets of my company, can I treat as capital gains tax at 15%?
I've been approached by people wanting to buy the assets (not stock) of my company (single member llc) which consist primarily of
my mobile app
its source code
the server code that supports the app ...
3
votes
3answers
581 views
Is it legal to pay employees or contractors in bitcoin (artificial e-currency)?
I am from central Europe, and there is really HUGE taxation (about 0,44 on wages, 0,2 on goods, so about 55pct goes to taxation black hole).
I got idea - is it useful scenario to pay my employees by ...
2
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1answer
116 views
How to document transfer pricing policy for IP
In Europe, there is enormous tax differences between high tax and low-tax jurisdictions for holding IP (for example 60% for owners of a "3:12" Swedish company vs 5% for a Luxembourg IP company).
So ...
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1answer
102 views
US Citizen Being a Member of a UK LLP?
Suppose a US citizen becomes a member of a UK LLP, along with 2 other foreigners (non-US citizens). Assume each one of the three has a 33.3% share in the UK LLP.
The LLP starts working, and has a ...
2
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1answer
150 views
Tax obligations of foreign operations for a US LLC
I live in a country where corruption and bureaucracy are widespread. Opening a business takes months and costs a lot of money, and will require one to hire somebody solely for handling all ...
2
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1answer
153 views
Software E-Commerce/E-Business Foreign Entity LLC and License and Tax requirements
I am wanting to startup a software, app, games business conducted through the internet.
I am in Missouri, the state where I plan to do work from.
I did research and found that Delaware or Nevada would ...
