In addition to my regular 9-to-5 day job, I do a lot of side freelance work, generally around music teaching & performance. I'm trying to do a better job of tracking my income, mileage, expenses, deductions, etc., and my old Excel spreadsheet isn't really up to the task anymore. [more inside]
What sort of state of organization are the financial records of most sole proprietorships in? [more inside]
Any Australian mefites out there with tax accounting knowledge for film/tv workers? I am so confused about this "income averaging" thing everyone's talking about. I get the theory of why and how income averaging works, but I'm a bit confused about who is eligible, as I've been hearing conflicting stories... [more inside]
I want to simply my recording-keeping. Seeking an *easy* method for tracking multiple sources of income. [more inside]
I have exercised stock options and taken possession of a small number of shares. I have not sold anything, but am wondering how screwed I am, tax-wise. First, do I have to declare the value of the stock as "income" for the year that I acquired it? Second, if I should sell it, do I add the money I receive from that sale to my regular taxable income? Do I deduct the amount I paid in? Is the net difference subject to other taxes? Is this handle-able by an average person or do I need an accountant?