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70c2e3744d2a0b41ec097ee751e8dafe
Hobby vs. Business
[ { "docid": "475ff0dce200c39f9e5720194d86cca2", "text": "Miscellaneous income -- same category used for hobbies.", "title": "" }, { "docid": "0e0ae1e5e3f2fc011f870fc4b608327e", "text": "\"You can list it as other income reported on line 21 of form 1040. In TurboTax, enter at: - Federal Taxes...
[ { "docid": "2fca1facc06f3225c3ebc700424e3432", "text": "Colloquially, there's no difference except for the level of risk (which is an estimate anyway). Classically, investment is creating wealth through improvement or production. Purchasing a house with the intent to renovate and sell it for a profit would...
fiqa
ffe34df1c7976a15d0ba31ae23ecb3de
Personal checks instead of business ones
[ { "docid": "a1c74729f1dca762dfb8b1500a304afd", "text": "I'll assume you are asking about a check for some kind of work or service that you provided them, that they hired your company to do. No large business will do that. In their records they have a contract with your company to provide services. If they w...
[ { "docid": "17609ed5dd1c22d3b7733a7358c9a2a2", "text": "\"I expect the company wanted to pay you for a product (on a purchase order) rather than as a contract laborer. Whatever. Would they be willing to re-issue the check to you as a sole proprietor of a business named ABC Consulting (or anything like that...
fiqa
2ddba64498dc5c3bf98d792e5fda7eb0
How can I register a UK business without providing a business address?
[ { "docid": "7105af373db635e924f9f01e352fc7d4", "text": "You don't have to provide your personal home address per se. You can provide a legal address where Companies house can send across paper correspondence to. Companies house legally requires an address because directors are liable to their shareholders(e...
[ { "docid": "2722f69315341259b6dfc8053db89d61", "text": "Normal high street accounts certainly are available to non-residents. I have several, and I haven't been resident in the UK for fourteen years. However you do need to open them before you leave. They need identification. Once you have one open, the sam...
fiqa
3db0a7f9a497e0d28291892cac498064
What are 'business fundamentals'?
[ { "docid": "8e31f9a452a967f889442863ca55440f", "text": "From http://financial-dictionary.thefreedictionary.com/Business+Fundamentals The facts that affect a company's underlying value. Examples of business fundamentals include debt, cash flow, supply of and demand for the company's products, and so ...
[ { "docid": "ed8ac5cafaa4a0d9cf5ad7b74ff04938", "text": "\"As other people have posted starting with \"\"fictional money\"\" is the best way to test a strategy, learn about the platform you are using, etc. That being said I would about how Fundamental Analysis works . Fundamental Analysis is the very basis o...
fiqa
9499932f491f88e92601b5760ffba402
How can I estimate business taxes / filing fees for a business that has $0 income?
[ { "docid": "e8c6bd900f8d5b7b20accdc0347b2060", "text": "Is the business an S-Corp, LLC or Sole Prop? I am going to guess based on the question that it is an LLC that you never closed with the state and you live in a state (NY) that charges a fee for having an LLC in the state in which case you owe those fee...
[ { "docid": "7691b04c045df57a892e781356f4004f", "text": "Washington State doesn't have a state income tax for individuals, so unless you've got a business there's nothing to file. Find out more on their website.", "title": "" }, { "docid": "6f4290ed479d97b76cb8e3e8ecc89e8f", "text": "Starting...
fiqa
39d2b85be30a97c3fdc27a0f5d3b72d3
Would the purchase of a car for a business through the use of a business loan be considered a business expense?
[ { "docid": "221c2facfbbbc27225c5f7d9f28af460", "text": "You don't say what country you live in. If it's the U.S., the IRS has very specific rules for business use of a car. See, for starters at least, http://www.irs.gov/publications/p463/ch04.html. The gist of it is: If you use the car 100% for business pur...
[ { "docid": "85110d666ba177dfbde6ed4aae613120", "text": "Yes, truckloads of cash. /s It's exactly the same as your example, when people say to pay for a car in cash, they don't meany physical bills, but rather the idea that you aren't getting a loan. In most acquisitions, the buyer will usually pay with t...
fiqa
25f47551752996a5875b20e7cd14578a
Deducting last years (undocumented) side business loss
[ { "docid": "65e937ed3f126133a62b0b7452a1af51", "text": "You should speak to a good tax adviser. The less documentation you have the more problems IRS are going to cause you. Generally you can deduct business losses (in the year they occurred, which is 2011), but you have to show that that was a valid busine...
[ { "docid": "f7613eabc169fad3fafc9d947392f98d", "text": "The IRS' primary reference Pub 519 Tax Guide for Aliens -- current year online (current and previous years downloadable in PDF from the Forms&Pubs section of the website) says NO: Students and business apprentices from India. A special rule applies ....
fiqa
f9e4e829155c6ec88867db4ecf32fbb7
30% share in business
[ { "docid": "c58daa07acae659b5335af1ae1dfa254", "text": "Keep in mind a good lawyer will have the contract cover the five D's: Its really best to lay these things out ahead of time. I watched, first hand, two friends start a business. When they were broke and struggling the worked very well together. Then...
[ { "docid": "cc91ea4c757c7222136a6d2fab185128", "text": "Typically, preferred shares come with one or both different benefits - a disproportionate share of votes, say 10 votes per share vs the normal 1, or a preferred dividend. The vote preference is great for the owner(s) looking to go public, but not lose...
fiqa
5932b56d8fba8f68c176ff7c8a6ee180
Claiming business expense from personal credit card
[ { "docid": "983b96518395d2dd077ddb166149f582", "text": "or just input it in my accounting software along with receipts, and then when I'm doing taxes this would go under the investment or loses (is it somewhere along that line)? Yes, this. Generally, for the long term you should have a separate bank acc...
[ { "docid": "dbfa5b84cb673235e5bac207e7538d3e", "text": "As I understand it... Generally housing can't be considered a business expense unless taken at your employer's explicit direction, for the good of the business rather than the employee. Temporary assignment far enough from you home office that commutin...
fiqa
549010c3ced5bbf797d3b74d7032ebd3
Using business check to pay at retail
[ { "docid": "26380e834a3f492cf088ecc635f89079", "text": "You can just buy the items personally and then submit an expense report to the company to get reimbursed. Keep all the receipts. Paying with a company check is also fine, but you might run into problems with stores not accepting checks.", "title": ...
[ { "docid": "eb1508ea931882b83665fb6c454f4549", "text": "For an individual its not automatic. One needs to ask the Bank, return the check. For Corporate Customer depending on how big the relationship is, many a times this is given as a service and there is an automatic return", "title": "" }, { ...
fiqa
e05f28875cd91bf8ed8341ca37ada0be
Starting a side business slowly
[ { "docid": "b24c2f47bab3406acbccee0f70ab1d59", "text": "\"This is a great question! I've been an entrepreneur and small business owner for 20+ years and have started small businesses in 3 states that grew into nice income streams for me. I've lived off these businesses for 20+ years, so I know it can be don...
[ { "docid": "aacf84abf0e15e48cd79c9cdb7a0e26c", "text": "\"Yes. There are several downsides to this strategy: You aren't taking into account commissions. If you pay $5 each time you buy or sell a stock, you may greatly reduce or even eliminate any possible gains you would make from trading such small amounts...
fiqa
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