Tax Questions

Similar questions have been asked, but I'm still not completely understanding. I have an LLC that sells apparel, and people have offered to give us donations because the idea of our company is to...

LLC Legal Non Profit Tax Donations

asked Nov 30 '11 at 01:00

Brandersnatcher
8 points

I recently created an LLC and was curious to how I should take a paycheck from the business account. Up until this point, I haven't taken a paycheck and will need to soon. The business has a bank...

LLC Tax Payroll

asked Nov 30 '11 at 09:54

Zakman411
174 points

I've registered myself as a sole-proprietor business in Ontario, Canada. My common-law partner often helps me with organization and other tasks. I want her to be legally able to purchase supplies...

Tax Canada Business Family Sole Proprietorship

asked Nov 17 '11 at 05:03

Philip K
166 points

If I were to be employed by a European company to represent them in India to develop the market, what taxes and laws will apply? Secondly, how will the expenses made within the country and travel...

Tax International Expenses

asked Nov 19 '11 at 19:29

User14523
11 points

Background : Company A has developed a software product. Revenue is about $8K per month; margin is about 75% (after royalties). Debt owed to angel and family/friends investors is about $550K. The...

Company Tax Intellectual Property Valuation Debt

asked Nov 9 '11 at 09:50

Starting Fresh
11 points

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...

Finance Tax Accounting IRS

asked Nov 9 '11 at 22:24

Nikolay Piryankov
683 points

Delaware C Corp start up spent $$ over two years before folding. No income and all money spent in Israel writing software. No compensation to founders. Must we file 1120 and Form 5471? Need cpa or...

Tax

asked Nov 11 '11 at 09:34

Press Onal
11 points

I am launching a used book buy/selling platform website for students where they can buy/sell from each other (direct buy/sell no commissions to the website). I don't have ads on my websites as of...

Company Tax Regulation

asked Nov 13 '11 at 23:21

D Min
116 points

Are you required to charge sales tax for digitally downloaded content? (e-book, video, etc) Location: Florida

Ecommerce Tax Digital Product

asked Oct 25 '11 at 08:51

Hatch108
120 points

I am thinking of becoming a sole trader. I know as a sole trader I am liable for any debt the company has. Can I place money from my personal account into the business account to start it off? I...

UK Tax Loan

asked Oct 29 '11 at 09:38

Jack
11 points

My partner and I decided to split up a partnership (things just weren't working out between us). We have some apps on the market that are still generating revenue, we decided the best thing to do...

Tax Revenue Partnerships

asked Nov 4 '11 at 05:31

Edgar Miranda
230 points

I am not sure how I should be paying taxes for freelance/consulting work. With some of my clients I just signed a consulting agreement, and an NDA and then I invoice them. They pay me via credit...

Tax Independent Contractor Clients

asked Oct 20 '11 at 15:56

Sheehan Alam
194 points

I want to register a small work from home business and do yearly audits. I have found a tax consultant and we exchanged more than dozen emails. After I asked him about where he got his...

Consulting Tax Accounting Small Business

asked Oct 24 '11 at 06:37

Sparkubullet
21 points

I'm reading through Do More Faster and there is a chapter in there that talks about an 83b election and how it is ESSENTIAL that you do it when you create your startup. It seems to save you a ton...

Getting Started Tax

asked Oct 9 '11 at 00:57

Edgar Miranda
230 points

I purchase products and resell them, adding services that relate to computers and technology. For example, I might purchase a laptop, install custom software and settings according to my customer's...

Tax Accounting Shipping

asked Sep 29 '11 at 11:40

J Yelton
113 points

After reading and reading about taxes, I think I've grasped which taxes I should pay and when to pay them. Still, it'd be really great if someone could confirm I have it right. I will appreciate...

LLC Tax California

asked Sep 24 '11 at 06:55

Claudia
52 points

How do I declare my income if all of it comes from paypal ? Most accountants in Portugal (where I live and where this company will be based) don't know how it works... Do I declare it only when I...

Ecommerce Legal Tax Income

asked Sep 24 '11 at 09:04

João Pinto Jerónimo
118 points

This pertains to the president's proposed new tax breaks for businesses. PBS Newshour

Employees Tax

asked Sep 15 '11 at 10:03

Tom Jones
24 points

I am self-employed developer resident in an EU country. Currently working on a product that will be eventually be sold online. Over the years I’ve noticed that several smaller UK software companies...

Tax Tax Structure

asked Sep 16 '11 at 19:30

Canacourse
106 points

I worked as a consultent for a number of years, just doing regular old programming gigs. While I was doing this I did my taxes as a sole-proprietorship. I had to pay marginal tax and...

Incorporation Tax Sole Proprietorship

asked Sep 20 '11 at 05:16

Edgar Miranda
230 points