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.
7
votes
4answers
390 views
Tax laws when trading to the US from europe
What are the tax laws regarding sale of a SAAS to US companies when you are UK based? I know you dont have to charge VAT but would you need to file a US tax return or charge US taxes?
2
votes
2answers
92 views
Starting an Australian company while living abroad?
How can an Australian citizen (or two) set up a company in Australia while living overseas?
Is it possible to pay a professional (e.g. lawyer/accountant) to fulfill the requirements of having "at ...
1
vote
2answers
773 views
Forming an LLC-living in CA, related permits, tax treatment
My scenario: I currently reside in CA. However, I will be locating to the state of Washington by the end of 2012. I (no other employees) am starting a 100% online service-based company, which will be ...
0
votes
2answers
34 views
Question About C-Corp, Shareholder, and Officer
Person A wants to start a C-Corp in California operating a news website. He is wondering if the following form is legal?
A is the only Shareholder and the only Director owning 100% equity.
A will ...
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 ...
0
votes
2answers
683 views
Tax haven in Delaware with a single-member LLC formed by a non-resident alien?
While I'm researching what I need to pay in taxes for my LLC formed in Delaware (I'm a non-resident alien from China), I found this page which is very interesting: ...
0
votes
2answers
77 views
Apportioning annual expenses across multiple tax years
My wife is starting an architecture business as a sole proprietor. One significant expense is insurance.
Suppose that she pays $10,000 for insurance now that covers the period Nov. 1, 2012 to ...
0
votes
2answers
110 views
Deducting expenses from income for sole proprietorship
A quick tax question for NY/USA.
Say an online shop sends me a 5k check in my name and not under a corporation, to order 300 glass cups.
And I'm sort of the middle man and I will be using 4k that I ...
2
votes
1answer
50 views
Is there a way around a partner paying additional income tax in an acquisition?
I'm interested in bringing on a partner (for his development abilities) for a site I'm working on.
I already have an LLC and would prefer to keep this site under that LLC. Then, I'd offer in a ...
1
vote
1answer
59 views
TIN to use on W9 when Single Member LLC/Disregarded entity
I own a state-classified LLC company and also have an EIN for the business, which was filed on an SS-4 form (Rev. December 2001) as a Type "Other" and noted "disregarded entity". On the SS-4 form the ...
1
vote
1answer
58 views
Arizona LLC with managers from California
My client who is domiciled in California formed an LLC in Arizona - he is also a member manager. The business is in Arizona, and all transactions are in Arizona. I know since the member manager is ...
1
vote
1answer
75 views
Tax Year & Incorporation Question
My partner & I just won $30,000 in a business plan competition. We haven't incorporated yet (and therefore haven't cashed the check). We plan on spending all the money to get the business ...
1
vote
1answer
91 views
Transferring inventory into LLC
Formed LLC, but wonder how to account for inventory I've already purchased and will now sell via the company.
I've been re-selling as a hobby, and now converting to a business.
I'm in the US. No ...
0
votes
1answer
23 views
Impact Investment/Tax Questions
I want to take some of the revenue that I generate with the for-profit business I'm starting, and use it to provide start-up social enterprises that I think are interesting with some funding to help ...
1
vote
0answers
24 views
which taxes my USA subsidiary will be subjected to, if any
i need a professional advice on the following situation:
we are a Poland company, we want to open a subsidiary in the USA. The purpose is to buy goods from American company, and then export these to ...
1
vote
0answers
126 views
Switching from a Canadian corporation to a Canadian sole-proprietorship
I currently run a Canadian Corporation, but I'm finding taxes (both accounting fees and bookkeeping) a real pain and expense.
I would like to keep the corporation and basically find out how to file a ...
0
votes
0answers
10 views
Does a US Vendor (with subsidiary in the UK) who sells to a UK customer need their VAT number
We are a US based company with a subsidiary in the UK. If our US company is selling directly to a customer in the UK, are we required to get their VAT number?
0
votes
0answers
10 views
I am non resident alien and want to get I - T - I - N
I am non resident alien and want to get I - T - I - N . I am launching e commerce website and want to register this website as L - L - C business in USA . As per my little research , I got point that ...
0
votes
0answers
34 views
Reselling US digital products from UK. VAT / tax question
I am a UK resident w/ UK ltd company which is looking to market digital products e.g ebooks, video courses, software and newsletters for example.
Most vendors and customers would be based in the US.
...
0
votes
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 ...
0
votes
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 ...
0
votes
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 ...
0
votes
0answers
115 views
Is it illegal for a seller to sell products without offering VAT invoice?
Is it illegal for a seller to sell products without offering VAT invoice? Is it tax evasion? What are the costs for a seller to provide VAT invoice?
0
votes
0answers
76 views
Considering selling imported goods through ebay and/or etsy.com How to not get on the bad side of US government?
I hope this question is on topic. I have a plan to make a bit of extra income.
I know a person in Africa (let's keep it this general for now) who can help me import some cheap local non-edible goods ...
