 Has anyone else not received their tax stimulus check direct deposit, as according to the schedule? |
| Today was the latest day scheduled my husband and I were to have ours direct deposited as according to the schedule on the IRS site. We are wondering if somehting is wrong, oh well, it is Friday, ... |
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 Rip off Britain? |
| In Spain we buy petrol in Euros what you pay in pounds in the UK. We can eat (both in and out) for a hell of a lot less than we can the UK. Vat in the UK is 17.5% - in Spain it is 16%. To tax a car ... |
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 How do you work out the tax allowance for washing towels at home as I am self employed? |
| Spoke to self assesment help line and they said you need to work out how much your machine uses in water and electric for washing the work towels and then work the value out from your utility bill?... |
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 What kind of tax return can I expect to get back now that I have a mortgage.? |
| My wife and I just bought our first home and I know that this coming tax year we can deduct mortgage interest and property tax. We both have full-time jobs, file jointly , and have a, before taxes, ... |
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 I've been given 10k by my brother,is it taxable ? |
| It is not business related,a kind of gift before before instad of after dying.... |
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 My job doesnt take taxes off my paycheck, what should I do? |
| I've been working at my job since August 2007 and getting paid bi-weekly. I filled a W2 form but i notice that taxes was never taking off my paycheck and now I end up paying over $3,000 this ... |
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 Does your employer pay your social security? |
| i was told as an employee you pay half of your social security and your employer pays the other half. Is this true?... |
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 The Consitution of the United States Prohibits being Taxed multipal times.? |
| Then how is it that we pay taxes on our incomes, purchases and things we own? Property owners pay taxes on the property they had bought. Then every quarter and every year they are required to pay ... |
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 If sales tax is 6.5%, and you order a meal costing $9.75 before tax, what will you pay in sales tax? $________ |
| If sales tax is 6.5%, and you order a meal costing $9.75 before tax, what will you pay in sales tax? $________?... |
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 I was claimed as a Dependent!? |
| Okay here's the deal, I lived with my ex and his mother from the beginning of 2006 till the end of 2007. (2 years) In 2006 She claimed me as a dependent because I was still attending school and ... |
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 Where do I file Income tax onlone safely? |
| I have always used H& R but they have gotten out of control with the fees and pushing the green debit card. So I want to file on my own no itemizing single w two kids. Any tried and true services?... |
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Camilla the First | My man is planning to try landscaping as a self employed person, is it complicated with tax and all that? |
This is a serious question and I would really genuinely like help. |
 |
 
Here there and everywhere
 |
I don't know if it's complicated, but if you contact HMRC they will offer you advice for free, after all they at some time 'want money from you'.
Mind you if the forms are anything like the self assessment forms then it will be a nightmare! |
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Ray
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not at all. Buy a tax program and do it yourself. The first years of a new business are tough, but you can write off all the equipment you bought against profits. So if you can show losses "on paper", you will have -0- tax liability. Also, cash payments can be kept under the table.
However, if you bank profits and show consistent gains, a bank will be more likely to loan money for expansion. Like when its time to buy a new truck and plow( to earn in winter!)
A good decision, but it is not always easy. Medical benefits might be an issue. Go to the local chamber of commerce to get group rates for medical benefis too.
Lots of things to do when you're just starting out.
Good luck. |
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The One
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Get a accounted it helps so much with the dreaded tax forms its worth every penny good luck to him |
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>>mr.GIG<<
 |
Philip took the words out of my mouth. |
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Philip H ©
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He will have to fill out his own tax form, what most people do is have an hour or so with an accountant and they'll take you through what receipts and such he needs to keep. And then when the tax forms come another hour or so with the accountant. They can usually save a self employed person more than they cost to hire, find a local one that does self employed people. Its all relatively straightforward. |
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A Yellow Walrus Writes...
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I once did a self-employment course for 12 weeks, it was free and the information I was given was brilliant. In Ireland there's a small-business intiative called Invest NI, but I'm sure there's something similar for your part of the world. If you contact your civil advice bureau they would have the local initiative's number in their little black book. They welcome people genuinely thinking about self-employment and are very helpful at explaining tax-assessments, book-keeping, overheads, profit margins etc. In some cases they will even provide a small grant to get you started. Best of luck, and kudos for wanting to be his own boss. |
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Mustafa Leek
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If he gets an accountant and keeps records of all his outgoings and income, it's really quite easy.
The biggest problem is keeping a regular flow of work, and keeping all the jobs close rather than spending too much time travelling to one job after another.
He'll probably be given a salary schedule of around £6k a year with a set amount of tax payable in arrears, and can take other money out of the business via dividends, and the business also gets taxed.
An accountant juggles figures to avoid too much tax, and is well worth the money. |
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BARRY B
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Daily Mail Tax Guide, or Lloyds Bank Tax Guide from Smiths/Waterstones etc will take some pain out of the Tax side. It will help with things like tax deductible purchases etc. |
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