I would like to travel the world while writing my own software (for profit). Ideally, I'd like to stay in each place for a couple of months, not just a few days or weeks. Where can I learn about the legal specifics of doing this?
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posted by anonymous
on Jan 30, 2013 -
7 answers
If I quit my job in April and start working on my own projects, can I buy a new laptop in July and write it off as a work expense on my taxes, even though I might not actually make any money from my projects until next year?
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posted by anonymous
on Jan 29, 2013 -
13 answers
I'm transferring my consulting business from out of state to west LA and I need to find an attorney to help with:
- Forming the company
- Helping me put together contracts for my clients
- Coming up with a tax strategy
Does anyone have a recommendation?
posted by mistermc
on Oct 30, 2012 -
2 answers
How important is it for me to get an accountant now that I'm earning most of my income as a freelancer? Can I handle taxes on my own?
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posted by croutonsupafreak
on Oct 2, 2012 -
22 answers
Can you write off renovations to your home on your taxes for a home based business if you don't own or rent the residence?
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posted by blubutterfly
on Apr 29, 2012 -
1 answer
My Taxes Filter: If I spend $2000 in self-employment income on equipment for said business (this is all the money I made on said business this year) will I be able to deduct roughly that amount and not pay taxes on the $2000?
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posted by sully75
on Aug 9, 2011 -
9 answers
My LLC is going legit January 1st in Michigan. I'm a brand new business owner in an economically depressed state and I'm starting to turn a profit which means dealing with taxes and the IRS. I'm young, I don't know anything about business taxes, and I'm somewhat frustrated at how painful this is for a new business owner who just wants to pay his fair share. I have an accountant who I know is really good, but I need to know kind of the general picture of what is happening so I can stay on top of things. I don't want to throw it all on the accountant and I want to be proactive.
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posted by banished
on Dec 30, 2010 -
16 answers
My boss at my new job has most likely been mischaracterizing his employees as 1099's rather than W-2's. They paid their federal and state income taxes, but never their social security. Now they owe back taxes and penalties. Who's liable?
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posted by Geppp
on Nov 5, 2010 -
12 answers
I work full time in the US. A European company wants to hire me as a consultant on a contract basis. How can I minimize my tax burden?
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posted by anonymous
on Oct 20, 2010 -
4 answers
So I'd like to start an art day camp out of my apartment, but I've heard I may need a license or something like that. Does anyone know what kind of steps I need to take legally before I start this project?
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posted by wild like kudzu
on May 28, 2010 -
8 answers
Last year I got most of my income for working from home in the state of Virginia. I did work for a company that is not owned by me and was located in another town in Virginia. I got a 1099 as an individual from the company for the work that I did. This work was all conducted by phone and email, no one came to my home. I recently got a letter in the mail from the City of Winchester, VA saying that I did not register as a business in the city and that I needed to pay back licensing fees. I know you're not my lawyer, but do I have to do this?
posted by jefeweiss
on Nov 6, 2009 -
13 answers
I'm thinking about cashing out my 401k to help start a business. I know I will pay a penalty, and that what I take out will be taxable income, but I expect my business to post a loss the first year that would offset most of (if not all) of this income. Would I still have to pay taxes on all of the 401k money?
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posted by wezelboy
on Oct 1, 2009 -
8 answers
Taxes/licenses required for Nevada company providing consulting services in California?
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posted by Jacqueline
on Aug 14, 2009 -
2 answers
Mixing business and pleasure as a small businessperson, I need a little advice regarding taxes and business travel.
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posted by TungstenChef
on Jun 8, 2009 -
1 answer
What sort of state of organization are the financial records of most sole proprietorships in?
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posted by anonymous
on Feb 17, 2009 -
5 answers
blogging as a business and taxes - it can't be so difficult! Or can it?
The Plan - spouse and I want to start a travel blog (we love to travel and are *good* at it!) as a business. You know, run some google ads, make a little money. Actually, if we make enough to cover our travel, we'll be happy (until the eventual greed kicks in). Soooo... if we're going to make more than $600 here in America, the IRS is going to want it's share. But two can play at that game! We want to take all the deductions we can (home office, website costs and, of course, our travel). It will just be the two of us, no employees. But therein lies the confusion...
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posted by catcatwomanman
on Dec 8, 2008 -
15 answers
Someone wants to pay me to do stuff! Only I'm not really sure how to go about it. Now what?
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posted by anonymous
on Oct 11, 2008 -
4 answers
I’m a writer who is spending more and more time in Los Angeles for work. I live in Florida, and am a Florida resident. My question is this: If I rent a place in LA, because I am spending roughly half of my time there, what deductions can I take advantage of?
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posted by vVCHAZVv
on Mar 27, 2008 -
1 answer
CanadianTaxesFilter: Can I legally claim some of my debt as an "investment expense" if I give up my second job to focus on my business?
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posted by bitteroldman
on Feb 21, 2008 -
5 answers
Simple set of calculations/spreadsheet formulas for thinking about the true cost of starting a business or going freelance?
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posted by garfy3
on Feb 10, 2008 -
3 answers
Is there an expense reporting app that's flexible, handy, and will help me finish next year's taxes quickly and easily? I know about excel, quicken, and various financial transaction apps, but what if I drive 100 miles to a tech conference and want to note my mileage? And what if I'm out entertaining clients and I want to pop onto my iPhone to note the total bill for the evening (before I forget the next day to open excel). Are there any web-based flexible apps for doing all the expense reporting you might need for a small business' bookkeeping needs?
posted by mathowie
on Jan 31, 2008 -
7 answers
I'm planning to do some on-the-side freelance photography in the next year. I'd like some advice on how to play the tax game most effectively.
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posted by sprocket87
on Sep 28, 2007 -
8 answers
I own with my partner a transcription service for film and TV production companies in Ontario. Recently, a company asked us to do something I consider slightly shady, and I'd like some opinions about what to do.
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posted by anonymous
on May 15, 2007 -
21 answers
Tax planning advice for the self employed. The web is full of articles, the bookstores are full of guides. But there is so much "get rich quick" and "pay zero taxes" crap out there that I am not sure where to go for good, solid tax planning advice.
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posted by Nothing
on Mar 26, 2007 -
5 answers
Can I start a LLC (or similar) who's only business is to manage investments and reinvest any gains? What are the tax implications?
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posted by blueplasticfish
on Nov 28, 2006 -
13 answers
I'm trying to make my new web project legal in California. After reading through the Nolo press book(s), we thought that perhaps the LLC was the best corporate structure (we are going to issue stock and give the primary developer a portion in lieu of payment). While the Federal government taxes LLCs like sole proprietorships - you aren't taxed unless you make profit, and I don't see our profit outpacing our costs for a year - the State of California charges an LLC "tax" (really a fee) of $800, due almost immediately after your incorporation paperwork goes through, so...
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posted by luriete
on Sep 8, 2006 -
9 answers
What are the advantages, disadvantages, and Important Things To Know about officially starting a business?
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posted by cortex
on Mar 28, 2006 -
17 answers
How do I write off my defunct business partnership on my taxes? I ended a 2 year self employment partnership (incorporated LLC) August of this year, walking away with around $8k in personally liable loans, as well as racking up another $5K after my car was repossessed.
I want to know how best to claim this loss on my taxes.
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posted by daHIFI
on Feb 27, 2006 -
4 answers
