Tax Questions

Basically as the title suggests, the tax situation is getting grayer over time as new business models emerge. We are considering one where the app is hosted "somewhere", the company is currently...

Payments Company Tax Setup

asked Mar 16 '11 at 12:18

Robin Vessey
8,394 points

So, tax season is upon us and I'm finding myself doing taxes (yay) My question is simple (I think): In 2010, I started my company, bootstrapped. I've initially paid a bunch of expenses from...

Tax Seed Funding

asked Mar 16 '11 at 14:17

Igorek
886 points

If I start up a company where I get work done from freelancers, is it down to me to make sure they pay taxes, or can I just pay them based on the work they have done, and leave it to them to pay...

Tax

asked Mar 17 '11 at 01:44

Nami
113 points

If I have access to a big hall/room in a building I own and I wanted to convert it into a personal gym. Then one day I say to a friend, you can use my gym if you give me $100 a year, and I will...

Payments Legal Tax

asked Mar 17 '11 at 04:23

Oshirowanen
201 points

If I pay someone via paypal, do I still have to fill in the 1099 and/or w forms?

Ecommerce Finance Legal Tax

asked Mar 17 '11 at 19:00

Oshirowanen
201 points

From what I understand, I can write off up to $5000 of startup costs from the taxes I pay on my personal income... http://www.morebusiness.com/write-off-startup-costs Let's say I start a website...

Legal Tax Accountants

asked Mar 18 '11 at 01:30

Sk24iam
344 points

I'm a developer who has just sorted out part time consultancy work which I would like to use to maintain myself while bootstrapping a SAAS startup as a solo (for now) founder. Given that I'd like...

Incorporation Consulting Tax

asked Mar 18 '11 at 03:28

Macca
131 points

I have a business in Hangzhou, China. What advantages are there to registering a company in Hong Kong? What are the disadvantages? Will a company identity in Hong Kong incur a lot of costs? Is it...

Incorporation Tax International

asked Mar 22 '11 at 21:46

Steven
1 point

I am currently employed full-time but the rest of my time is spent on my startup LLC. I was wondering when the US taxes deadline is for LLCs and, more importantly, what the filing process is when...

LLC Tax

asked Mar 6 '11 at 09:56

Li Zhou
323 points

S-Corp. I am currently the only shareholder. Doing taxes for my first year. How do I properly account for money I've put into the business both in my accounting system, and for tax purposes? Is it...

Tax Investment Accounting

asked Mar 8 '11 at 13:09

Jefflunt
113 points

I am about to send an invoice/purchase order for a company to lease our software for a year. Both companies are in NY - must I charge sales tax and if so, how much? A pointer to the appropriate...

Tax Software Licensing

asked Mar 10 '11 at 01:45

Tim J
8,346 points

Henry Blodget wrote this inchoate rant in which he claims that his startup had to pay $10,000 in extra tax in New York for having too much unused capital in the bank. What's he talking about? How...

Tax New York

asked Mar 10 '11 at 07:23

Joel Spolsky
13,482 points

I'm trying to figure out the various taxes taken out for a C Corp vs LLC. Single-member/ shareholder. (C Corp has more deductions.) C Corp: (1) Tax on profit (after deductions), (2) Payroll tax...

LLC Incorporation Tax Corporate Structure

asked Feb 22 '11 at 08:53

Dave
46 points

Which tax havens would you recommend for this and why? When should we register - early on or once we are earning a certain amount?

Ecommerce Tax

asked Feb 24 '11 at 21:48

Nikolay Piryankov
683 points

I am a U.S. citizen who is about to move to Mexico for the next 2-4 years. Following that, I expect to move to Italy more or less permanently. So my question is, is there any advantage/disadvantage...

Incorporation Tax Offshore

asked Feb 27 '11 at 07:47

Kenneth Vogt
2,917 points

This question seems to have been beat up on this site, but I can't find a direct answer. If I have an internet business incorporated in Delaware that sells software online, and I personally live...

Incorporation Tax Accounting

asked Mar 1 '11 at 10:39

Andy
111 points

Two friends and I are creating an ecommerce site. I live in VA, while the other two are in NY. If we incorporate in VA and then register in NY as a foreign corporation, how are corporate taxes...

Incorporation Tax

asked Mar 2 '11 at 06:08

Brandonrobison
6 points

I founded an s-corp with a couple of friends in the early part of 2010 that hasn't shipped a product nor made a dollar yet (and likely won't ever). Unfortunately, I'm really not in the financial...

Incorporation Tax Accounting

asked Feb 9 '11 at 15:14

Chris Cummings
108 points

We are a Canadian-based incorporated business that is about to sell subscriptions to a SaaS, both yearly and monthly. How do we handle adding taxes to the service? Since we are a Quebec-based...

Web Tax Saas

asked Feb 12 '11 at 02:34

Jb Lesage
70 points

I have a 1 person S-Corporation. I have an accountant do my taxes. They are not very complicated as far as businesses are concerned. It is just a one person consulting business with a minimal...

Tax

asked Feb 15 '11 at 06:04

Bob
164 points