Tax Questions

So, I know this is a question probably for my accountant, but I want to do a little research myself. What is the most tax efficient way to extract earnings as an owner..? I have a small startup...

UK Tax

asked May 11 '11 at 19:17

Dave Sumter
136 points

Hypothetically speaking, if someone earns £1,000,000 "profit" in 1 year who is British via his own company, is it possible to NOT pay 50% tax on that legally? Is it possible to reduce that 50% to a...

Tax

asked May 12 '11 at 23:54

Oshirowanen
201 points

I am not a US citizen and I want to create a company and work with many contractors outside US. It will be software development company. Company will be delaware based LLC, and office will be...

Software LLC Foreign Tax Iphone

asked May 14 '11 at 05:24

Vitaliy
16 points

I began work with a small startup last year, working as a consultant. Consulting didn't last long because I saw great potential in the company and made it clear I wanted to be a part of it. I...

Equity Tax Shares Royalties

asked May 15 '11 at 13:38

Schneider
116 points

I'm a new UK contractor, and I've just had my first payment and was wondering how much I should put aside and how I go about actually transferring the cash from my business account to my...

Payments Tax

asked May 7 '11 at 18:47

Martyn
128 points

I work at a startup in California, USA. I know that whenever I go out to lunch with my CEO, he says he is only allowed to expense the meal if it was "business related," like meeting clients or...

Tax Benefits

asked May 10 '11 at 06:04

Brad
117 points

I am about to create an S Corporation for liability and tax purposes, and I wanted to get a general feel for a tax question before asking an attorney or CPA about it. I have a day job, for which I...

Tax Corporation

asked Apr 25 '11 at 02:32

Poundifdef
114 points

When I started my single person LLC earlier this year, I didn't expect to make a profit in my first year. As I understood it, I didn't need to file quarterly estimated taxes because I wasn't going...

LLC Tax

asked Apr 26 '11 at 00:56

Skaz
254 points

My scenario is as follows: I'm currently based in the European Union (Poland). For the last 2 years I have developed a software product, for which target customers are firms. I don't have a...

Tax

asked Apr 26 '11 at 03:58

User9982
206 points

I wish to start a small business and while at first the goal will be to strengthen a community it would be nice to possible make money in the end. A group of us has gotten together to work on this...

LLC Non Profit Tax Tax Structure

asked Apr 20 '11 at 16:36

Ak Geek
11 points

We're forming a 2 person LLC and part of what we're trying to figure out is how much to leave in the LLC to build up some capital reserves. Since an LLC is a pass through tax entity if the LLC...

LLC Legal Tax Accounting

asked Apr 23 '11 at 10:57

Todd H
196 points

I'm an independent developer who has been working for the past year or so on product X. I don't have a company created that is associated with the product, as we have yet to officially launch (no...

Tax Acquisition

asked Apr 9 '11 at 10:49

Themeerkat
6 points

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...

Tax Corporation

asked Apr 11 '11 at 22:48

Bob
164 points

Looks like the DE Franchise Tax Board & SecState changed the minimum authorized shares tax - a lot of companies that incorporated this past year may have been unaware of this change or not sure...

Incorporation Tax Delaware

asked Apr 14 '11 at 08:44

Henry The Hengineer
4,316 points

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...

Tax Canada Accounting Sole Proprietorship Corporation

asked Apr 14 '11 at 14:37

Geek Gal
16 points

I recently formed an LLC for my software side business. The income generated is between 5-10k a year. I have also filed and receivied a Federal EIN. I think I intend to take money out or "pay...

LLC Tax

asked Apr 14 '11 at 23:36

Robby Pond
133 points

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...

Getting Started LLC Incorporation Tax Payroll

asked Apr 16 '11 at 08:35

Todd H
196 points

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?

Tax Business Bank Offshore

asked Apr 4 '11 at 23:26

Oshirowanen
201 points

I am a US citizen and resident and am opening a business selling online services to US customers. The first thing that came to mind when thinking about business / legal concerns is, Why not open it...

Tax Offshore

asked Apr 6 '11 at 23:42

Orokusaki
118 points

Basically, why should one incorporate in the US? I'm interested in three cases: 1 - Most of the revenue and employees are in the US. 2 - Most of the employees are in the US, but the revenues...

Incorporation Legal Tax Localization

asked Mar 25 '11 at 02:41

J Delage
277 points