Tax Questions
I created a corporation last fall and made no revenues (or expenses) in 2009. I obtained an EIN from the IRS and they asked me to file form 1120 for 2009. What is the best way to do this? is it...
111 points
A lot of startups involve not just receiving payment, but also disbursing payment: WOrker crowdsourcing (mechanical turk, crowd flower), code + design outsourcing (Odesk, Elance, crowd spring),...
895 points
What does it entail to form LLC in Nevada if I live outside Nevada? I would like to benefit from Nevada's tax/business-friendly laws. I would be the sole founder a software business. The...
397 points
I recently submitted paperwork to form a LLC in California. About a week after submitting my paper work, I came across this post: http://answers.google.com/answers/threadview/id/107228.html One...
85 points
Given that it is tax time how should you pay an accountant? Do you do your own bookkeeping and just work with a CPA firm to do your taxes or do you have a CPA firm on monthly retainer to make...
41 points
Are artists who create "fine art" (not commercial art) required to collect sales tax if selling directly to customer through website, ebay, local art shows, booth at art show?
8 points
One of the issues many small companies in the US run into is wanting to hire an employee (who let's say will work from his home) that lives in a different state. I've found that some of the...
I know LLCs can be pass-through tax entities, so you don't pay tax at the LLC level but only on the income of each member. Is the money only taxed when used to pay members? Can you keep money in...
The End-Of-Year is coming up soon, and -- if you were fortunate enough to profit this year and, therefore, owe taxes next year -- that means it's time to spend, spend, spend! What have you done in...
5,901 points
As we think through new features to offer our small business and entrepreneur users, we're looking to the coming tax season as the time of year when most prefer not to have the distractions from...
We have several international subsidiaries setup to serve as sales offices. In setting these up we evaluated whether to set them up as resellers (they purchase the product from us and sell to...
1,866 points
I'm considering hiring a software developer in Germany. He's a student so he's unlikely to have any type of corporate structure set up. I've had numerous conversations with him online, and we get...
From what I have read, both LLCs and S-Corps give you the benefits of a Corporation for legal purposes while avoiding double taxation. However, I can't determine what the difference between the...
26 points
Online sales tax seems overly complicated. From what I've read, it seems like most states collect sales tax if your company has a physical presence; however, location on both ends is badly...
