Tax Questions

I'm looking at starting an online game, with revenue coming in through the purchase of in-game bonuses. I've got a team of four people, counting myself, working on setting it up, and it should be...

Recommendations Tax

asked Jun 9 '12 at 01:39

Bob
11 points

What's the correct country code/prefix for a UK unique taxpayer reference I should give in an invoice when supplying services overseas? I suppose it's simply UK, but I couldn't find anything about...

UK Company Tax

asked Jun 12 '12 at 04:29

Lukeshek
452 points

I suppose this question would be useful to anyone who is natively from one country but living in another setting up a business. I'm an English man currently with a business bank account and sole...

Finance Tax Business Bank Sole Proprietorship

asked May 25 '12 at 17:59

Littlejim84
141 points

My friend approached me with a business idea of selling a service to allow US business owners to incorporate in Dubai in order to avoid taxes. She resides in Dubai and owns a business there, and...

Business Model Tax Business Plan Business Offshore

asked May 31 '12 at 10:55

Chris
1 point

I am starting a new business in California and can't decide whether it should be an LLC or S Corp or an LLC as a S Corp. It would be a single person LLC or S Corp (no other shareholders or...

LLC Tax Business California Corporation

asked Jun 2 '12 at 07:21

Lynne
11 points

Suppose a US citizen becomes a member of a UK LLP, along with 2 other foreigners (non-US citizens). Assume each one of the three has a 33.3% share in the UK LLP. The LLP starts working, and has a...

UK Tax International USA

asked May 17 '12 at 00:59

User3262424
107 points

This sort of falls into personal finance and money but also has a lot to do with business so I am asking the question here. I have just recently started a LLC of which I am the sole member. I am...

LLC Tax

asked May 20 '12 at 13:02

Jason
124 points

I own a side company creating web apps. I formed an LLC, registered an EIN and opened a business checking account. Recently, I sold a copy of my software for let's say $10,000. Now, since...

LLC Tax Accounting

asked Apr 28 '12 at 08:13

Luckytaxi
177 points

At the moment I work self employed as a web developer creating websites. One such website has become fairly popular and I'm considering adding trademarks etc, is it possible/straightforward to...

LLC Tax Business

asked May 1 '12 at 01:08

Silver89
106 points

In this publication, the IRS lists a number of fringe benefits that you can provide employees and details when/why they would be considered taxable vs. non-taxable. However, at the start of the...

Tax Benefits S Corp

asked May 3 '12 at 01:56

Jeffrey Blake
115 points

Let's say I expect to generate $500/month of steady income from my side company (single member LLC). I work FT during the day and taxes are paid accordingly. Do I need to worry about estimated...

LLC Tax

asked May 3 '12 at 12:48

Luckytaxi
177 points

After asking about the taxation of fringe benefits for shareholders in an S Corp, it occurred to me that there could be two types of shareholders. Those who are silently collecting whatever profits...

Tax Benefits S Corp

asked May 3 '12 at 23:43

Jeffrey Blake
115 points

I own a US C coporation and i've linked a checking account to it with an EIN. I'm a freelancer and I've received some payments for my services through Google checkout & Paypal, The total amount...

Incorporation Tax

asked May 5 '12 at 21:35

Ryan
139 points

My business model is subscription based therefore I need to use a payment service that is practical for this purpose. Unfortunately, as far as I researched, such services are only available to US...

Incorporation Foreign Tax

asked May 6 '12 at 16:49

Kaan Soral
66 points

I am the co-founder/shareholder of a US based software startup (Texas C Corp). Due to some personal reasons I have had to move to India and to make the most of it, I am planning on hiring a few...

India Legal Tax USA Offshore

asked May 9 '12 at 14:32

Rajat Mittal
1 point

I know this might be a bit narrow for a question, but I can also see other start ups working on this scenario it self. We have X amount of money currently sitting in the bank. We just received it...

Tax Money

asked Apr 17 '12 at 06:47

Spoiled Techie.Com
102 points

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...

Getting Started Investing Legal Tax Social Entrepreneur

asked Apr 17 '12 at 06:57

P.R. Pelrain
1 point

Its an easy question, but I am new to this along with my investor. When an agreement has been made to invest in a company, what should happen next with the money? I would love to know best...

Tax Money

asked Apr 17 '12 at 13:41

Spoiled Techie.Com
102 points

I am looking at purchasing a service business in California that states it makes $160K in revenue and $120K in Net income. What Can I expect to net (estimate) after taxes with a LLC? Is it a 39%...

Tax Business

asked Apr 25 '12 at 03:28

Thomas
6 points

If I have a contract with a client, and hire a subcontractor, then submit his/her hours to the client, receive the payment, and then pay that full amount to the subcontractor, do I need to pay...

Tax Contractor

asked Apr 7 '12 at 10:51

Kelton52
113 points