 Business' name? |
what suitabel name for business tht selling watch&clock
or somethin tht related to machine stuff
10 points will be ... |
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 Can you help us think of a name for our business? |
| my husband wants to open his own businss in construction. it would be mostly remodles and roofs. we can't think of a name for it tho. he wants to call himself HandyMan but i was just wondering ... |
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 Where can i get a grant to help set up my new business, im 18, please help!? |
| im hoping to sell hand made cushion and jewllery on line. i need the money for materials, equiptment and office supplies etc.... |
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 I have finally got the cracking business idea which will work as I got a little proof? Do I borrow money or ? |
| I have been searching for the correct idea to make me a good living and nowthe time as come. To set up it willcost around 15-18k but with a monthly return of 3-5k. Is it best for me to use my credit ... |
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 Pls help......? |
| Does anyone know where i can find the business plan for Hilton Hotel. I have a presentation tomorrow and i need this information, so im stressing out. Pls ... |
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 How much do you ask for when your a first time teen babysitter? |
| when your a first time teen babysitter how much money do you ask for? plz ... |
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 My boss says she doesnt have to pay workers overtime if she has under 7 employees? |
i live in illinois work at resturant/store can someone tell me how to check this
Additional Details
i know it sounds stupid and i googled illinois overtime but just wanted to be 100 ... |
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 What would u buy if u have only 1$ in your pocket ? |
| thanks for answer but its never important for me because i had bought a 1 hour internet connetction with it and it finished before i check the answers!... |
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| Thinking out of the box. Does it always help? |
| Everyone these days cite "thinking out of the box" as one of the success formulae. Do we get to know only about those successes in the open? How about the several possible failures on ... |
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 How do I earn money? |
| Okay I am 15 and this summer i want to go to myrtle beach with this teen group in my neighborhood and it costs $250, I have a concession stand job thats one day a week for 5 hours, $4 an hour, ... |
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 What is a "LLC"? |
| When starting a new busuiness what exactly is a "LLC"? Also what are the benefits and how do you become a "LLC" member?... |
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 How do you start your own online busness? |
| i was advised to start an online busness to get me started financally and i was wondering what the best thing to do would ... |
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bermuda0728 | When owning your own business how do you verify your income? |
Just wondering |
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imisidro
|
One of the common knowledge is that many self employed people under-declare their income for tax purposes. I just applied for a mortgage, and my mortgage company did not even ask to see my tax return to verify my income. Instead, I was asked to show
- checking and savings account balances
- money markets, CDs
- IRAs and other retirement plans
- mutual and brokerage funds
- cars
- other assets
For other purposes, be sure to keep your
- income tax return
- 1099s received from companies that have paid you
- bookkeeping records, particularly records of customer payments |
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curmudgeon
|
keep daily records. |
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*****
 |
By keeping books [ records of income, expenses, etc.]. |
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maplewoodjoe
|
Tax returns |
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Steve D
|
If you're thinking of this in the context of applying for credit, usually they will ask for a copy of your last year's tax return. In some cases, they may ask for the last two years. |
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tom m
 |
If you are talking about verifying income as in applying for a mortgage, you will need to submit 2 years tax returns. If you are a sole proprietorship, this would include your Schedule C. |
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cedar_wiyan
 |
The first step is to keep accurate records of what you bring in, what your expenses are, including taxes, state, and local, and of course any work insurance you have to pay (in Washington all this information can be found at the state Labor and Industries department but check with your state). The next thing you have to do, it make sure you keep an accurate accounting of everything you pay yourself or use for personal expenses. This will take making a daily accounting until you get a system down. You can call and contact your local SBA for additional information, as well as your local or state department of revenue. They will have lots of information you should read before even starting abusiness. You have to keep accurate records however. Keep all reciepts, and keep your sales tax and other expenses seperate from your usable account (ussually a business checking account.) You can set up a business savings account for this. |
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David B
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You can send a copy of your Schedule C on Form 1040 which will show your net income from your business. |
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Proud to be APBT
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Through accurate monthly reports of income vs expenses. Then when you do your yearly taxes you will have all the information you need, be sure to keep receipts. Your tax records are proof of your income to things like banks, etc. Which is often why self employed people need a longer history of being self employed for verification than say someone in regular employment. |
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