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Questions tagged [business]

generic tag for questions related to small business. Related tags corporation, limited-liability-company, s-corporation, limited-partnership, sole-proprietorship can be used as appropriate.

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4 answers
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What risk does one take to let others run a Amazon seller account on behalf?

I have not created a business, physically or online. I don't know how to and don't have a plan right now. My preacher referred a person in a different congregation of my church to me. They both asked ...
Tim's user avatar
  • 5,883
1 vote
0 answers
66 views

Gnucash: Delete or invalidate invoice

I have an invoice that will never be rendered to the customer. It was pretty wrong, and a new invoice was generated. How can I invalidate or remove it? There's no concern about data integrity. I'm ...
Ed Greenberg's user avatar
1 vote
1 answer
181 views

Common practice for reibursement of business travel expenses done in foreign currency

I am back from a business trip outside my home country, and I have done various expenses in foreign currency using my credit card. This includes conference tickets & accommodation which are far ...
DavGin's user avatar
  • 111
0 votes
1 answer
159 views

Can I claim the rent I pay as a business expense if the lease is in my wife’s name?

I have a mobile auto detailing business. I have an office at home with my computer where I do all my marketing/online advertising, calling customers, all that good stuff. The apartment that me and my ...
Andrew Dougall's user avatar
1 vote
1 answer
309 views

Forming an LLC to reduce personal income

I'm working as a contractor for a couple people though I haven't formally formed my own business yet. Is it possible to reduce my personal income tax while having the money go to the business? Ex: I ...
maxical's user avatar
  • 111
1 vote
2 answers
66 views

NPV in trade projects

The question must be very simple but I'm still struggling. Let's suppose that I have an import-export business. Then I have a discounted CF which is formed by subtracting all costs & taxes from ...
Gigigi's user avatar
  • 11
0 votes
1 answer
943 views

Is it possible to deposit the check with the old business name into the new account?

Chase recently closed my business account without providing any reasons, possibly due to limited activity. They're sending a check with the remaining balance, issued in my old business name, "...
zeratul's user avatar
0 votes
0 answers
24 views

Filing a UK Company Tax return for 22/23- is it possible to bring back a trading loss from 23/24?

Whilst filing my UK company tax return for the financial year covering 22/23 in the section 'Trading losses', under 'Bring back a loss from a later period' is states the following: You can only bring ...
james's user avatar
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0 answers
37 views

Why is the UK Corporation tax payment deadline before the company tax return filing deadline?

I've returned to contracting (as a software engineer) after 8 years of full time employment and am now working through my own LTD company. I mistakenly thought - as is the case with self assessment - ...
james's user avatar
  • 101
2 votes
1 answer
156 views

Received an unrequested business credit card - identity theft?

I received a "Divvy business card" in the mail. I didn't apply for this card. The mail contains my name "cardholder name" and doesn't seem to be just spam. I do have an LLC but ...
Ken - Enough about Monica's user avatar
-1 votes
2 answers
184 views

Multi Member LLC Fraud

My husband is part of a multi member (2 members) LLC for recovery houses. Currently they have one house and 5 or 6 men living there. The rent the other member has been gathering from these men is not ...
Nicole m's user avatar
0 votes
1 answer
139 views

IRR -> Reinvestment Assumption Or Myth (And What It Actually Means)

I've been trying to wrap my head around a downside of using IRR - the reinvestment assumption. I don't really understand the concept on how IRR assumes that we reinvest at the IRR, if IRR is for ...
Wet Don's user avatar
0 votes
0 answers
53 views

What can somebody do with my IBAN? [duplicate]

I would like to start a business online, which would require people to pay me for service. I am in the UK. Because of a specific situation I'm in, private bank transfer is one of my only viable ...
and and's user avatar
-2 votes
2 answers
171 views

How do online payment service apps earn money?

How do apps like PayPal, Google Pay etc. earn money? Peer to peer transactions on Google Pay transfer the complete amount to the receiver so apparently there is zero commission involved. (For example, ...
bool thebuilder's user avatar
0 votes
2 answers
116 views

Intuition behind business entity concept?

Following definition is the representative of the plethora of definitions one would find on the internet: The business entity concept declares that a business stands independently from its owner, and ...
Vinay Sharma's user avatar
-1 votes
1 answer
1k views

Can my S Corp pay my personal tax liability and can my S Corp be able to deduct the taxes?

I understand S Corps are flow through entities so if I am paying the net income on my personal taxes then can the S Corp pay for the taxes due? Also can the S Corp be able to deduct the taxes paid as ...
Dallat's user avatar
  • 1
1 vote
0 answers
41 views

Joining Non-US Business as US Citizen, re-incorporate in the US? [closed]

The Situation I, a US Citizen, have the opportunity to become a Co-Founder / Shareholder in a small non-US Company (currently incorporated in the EU). What I have seen so far suggests that there are a ...
asd7's user avatar
  • 11
-2 votes
1 answer
95 views

Do investors have any copyrights on the application they invest on? [closed]

Considering I am the founder of Instagram, it means I have written 100% of the application code by myself, then found an investor and they put some money into the startup and got 30% of the new ...
best_of_man's user avatar
2 votes
5 answers
1k views

What exactly is a professionally managed company? Why the promotor holding of professionally managed company is always 0%?

As you might have guessed by now, yes! I am new to the world of finance. I have been going through a playlist on YouTube about investing in the stock market. And in one of the videos, I came across ...
The Chinky Sight's user avatar
0 votes
2 answers
210 views

Should I keep track of money flowing out of my business bank account, when it's not used for business purposes?

Right now the account will only exist to hold my own funds (that I've earned elsewhere, and paid taxes on). I plan to take them out to use for non-business expenses on occasion, before I get off the ...
Ken - Enough about Monica's user avatar
0 votes
1 answer
120 views

As an investor of a business, how do you prevent the founder from holding back growth? [closed]

If you are an investor who owns 30% of a business and the founder owns 70%, how do you prevent a situation where the founder decides to always take profits and not reinvest them to grow the business? ...
Rax Weber's user avatar
  • 109
0 votes
0 answers
3k views

Can I sell my business car to myself (personal)?

I am seeking to change the ownership of my vehicle from my business to myself? In other words, the vehicle will no longer be used for business purposes - just for personal. Now, my accountant ...
rs79's user avatar
  • 1,023
0 votes
1 answer
392 views

What is a reasonable ROI on friends & family capital loan for startup venture?

Every investor obviously interested in max ROI but what is a realistic ROI an investor would seek on a capital loan for startup venture? What is a reasonable duration for that receiving back the ...
Derrick's user avatar
  • 279
-1 votes
1 answer
98 views

What percentage of companies could have a consistent lower "return on capital" to its owners/shareholders and a higher risk than the S&P 500?

What percentage of companies/startups in the US or any other country could have a consistent lower "return on capital" to its owners/shareholders and at the same time a higher risk than the ...
user96769's user avatar
0 votes
1 answer
1k views

If my business organized a competition and gave winners money as prize, can I deduct this?

I'm a sole proprietor and gave out around 1000$ in prizes for my business' event, either through paypal or e-transfer. How can I deduct this as a business expense? There's not really a receipt.
goodbyeworld123's user avatar
0 votes
1 answer
77 views

Can you substract business expenses that increases good will? [closed]

Can you subtract business expenses that increases good will? Can you gain a tax advantage if you spend money to make a non-profit product that may increase good will for your company? Let's say you're ...
Sayaman's user avatar
  • 211
1 vote
2 answers
643 views

Can a tenant build equity in property they are renting?

A tenant rents commercial property and invests substantial capital to renovate and improve the space in order to run a business. Does the renter's investment entitle them to equity or a percentage of ...
stateazure's user avatar
-2 votes
1 answer
106 views

Are businesses required to pay more than a specified minimum wage in respect to each job title in US? [closed]

Are there any laws about the businesses that mandates them to pay at least a minimum specified wage to their employees? I mean something like: A CEO should at least has $5k/month, or an engineer ...
GoodMan's user avatar
  • 140
0 votes
0 answers
54 views

Term For Business Entity Founded With The Sole Purpose Of Holding Non-traditional investment?

I've done some searching but have been unable to find info on what I'm specifically looking for. My guess is there's a specific term for this type of business that I don't know. Suppose I want to ...
newBieDev's user avatar
  • 101
0 votes
1 answer
89 views

Claim money from unused health insurance (set by employer)

Is it possible to claim unused health insurance money after you leave a company? It is basically unused group health in the United Kingdom (England). The health insurance was set by the employer where ...
Datacrawler's user avatar
1 vote
3 answers
329 views

To what extent are companies' owners not responsible to pay back money that they waste?

I've always been confused by this. Apparently, as I understand it, you can register a company for a small sum of money in Western countries, for example the USA or Sweden, which then become its own &...
Jaquavion C.'s user avatar
16 votes
3 answers
6k views

Can I send back money I "loaned" from my personal account to business account?

I opened a self-employed business (in the UK). As a starting budget I sent £100 from my taxed salary to my business account to have something on it. Can I send it back from my business account to my ...
Gergő Horváth's user avatar
21 votes
11 answers
7k views

Why can't my LLC get a credit card when the owner has credit history and a good credit score?

I've started an LLC (US-based) and have an EIN that I'm bootstrapping myself and self-funding. All my addresses and details are registered in the US. I'm the sole employee, but have zero revenue as it ...
Grant's user avatar
  • 319
0 votes
1 answer
95 views

Goodwill and Amoritization when buying a small business [closed]

When buying certain small businesses goodwill is the largest intangible asset. For an example company, Purchase Price: 1,000,000 Tangible assets: 200,000 Goodwill: 800,000 If the company's value stays ...
johnbumble's user avatar
1 vote
1 answer
44 views

Incorporating existing business' fully depreciated assets

When incorporating an existing business (US sole proprietorship to S-Corp) and transferring assets + cash (consideration) in exchange for shares, how are assets handled that have been fully ...
user avatar
0 votes
1 answer
54 views

Operating Margin depends on Revenue?

It is said that high Operating Margin means that the company is efficient in its operations and is good at turning sales into profits. But let's suppose that market demand has increased. The company ...
Daniel's user avatar
  • 185
11 votes
8 answers
13k views

UK - Can I buy things for myself through my company?

this is a UK-based question. I understand that there are certain purchases that you can make using the revenue of your limited liability company, and this is beneficial as you are using money that has ...
pho_pho's user avatar
  • 349
8 votes
1 answer
172 views

Should I Charge Customers VAT Before Receiving My VAT Number?

I am very close to surpassing the VAT threshold. I’ve currently taken £80,525, and my next payment is due on Thursday. I told my client that I will have to charge them VAT on the next payment, which ...
pho_pho's user avatar
  • 349
1 vote
2 answers
90 views

What can you do with 100 dollars in relation to investing and raising a business? [closed]

I am really curious if it's still possible to start with a low amount of money as I've heard a lot of success stories but wasn't quite certain if it's true or fake. Is it possible to raise a business ...
Sparkm4n's user avatar
  • 113
0 votes
1 answer
136 views

Why technology companies don't report high net income from the use of GAAP?

The article GAAP vs. Non-GAAP: What's the Difference? says: Technology companies have been large users of non-GAAP adjustments as these companies typically don't report high net income from the use ...
Daniel's user avatar
  • 185
0 votes
2 answers
283 views

Why is Jeff Bezos, and not his initial investor the richest person in the world? How does it work for Jeff Bezos? [closed]

I have always had a curiosity since a very long time about ordinary people who become very rich (millionaires, billionaires..). But I have a feeling that this is going to be a silly question, so ...
Jay Shah's user avatar
  • 113
-1 votes
1 answer
91 views

Can someone explain the idea of revenue per "X", from good to great by Jim Collins? [closed]

I'm not sure what is meant by improving revenue per "X", does it mean to increase the amounts of "X"? Does it mean to increase the revenue made per "X", and if so, why ...
WinnieThePooh's user avatar
0 votes
2 answers
203 views

How to finance and structure an easy knockoffable business idea of a dummy poor 19 yo?

I am a poor 19yo, found one probably original business idea of products that will help (not entertain) people. However I am absolutely not savvy in technical business knowledge, so please answer my ...
Sage123's user avatar
0 votes
2 answers
157 views

Do businesses make a profit on VAT?

According to my understanding, VAT is the tax paid by the consumer on value added at each step. For example, suppose VAT is 10%. A farmer produces tomato and sells for $10 to a packaging company. ...
sashank's user avatar
3 votes
2 answers
338 views

Do I have to declare an income below my Personal Allowance?

I'm in the UK and planning to start a side business. The income from my current job doesn't exceed my tax-free Personal Allowance of £12,500 a year, nor do I currently expect the income from this ...
Hashim Aziz's user avatar
1 vote
2 answers
206 views

Would companies pay me for some service by sending a bank transfer to me as a person?

Let's say I set up a website and contact some companies, and one of them hires my service to perform some kind of work for them. Now that they are happy with my work, they are to pay me. Do they ...
Rinaldo's user avatar
  • 11
1 vote
1 answer
38 views

Personal investment portfolio set up as business

I have an investment portfolio in the USA, but I am now in India. To save on taxes on capital gains in India on this portfolio, would it help to set up trading in this portfolio as a business? What ...
user2371765's user avatar
  • 1,084
0 votes
2 answers
152 views

Is it better to start a new business using credit, even when I have money to invest

Suppose I have to start a new Limited Liability Company and the initial investment is 50000 dollars. Let's also suppose I have that money. No problem about it! Now let's suppose something goes wrong ...
user1883212's user avatar
1 vote
1 answer
71 views

Is a company's book value included in its intrinsic value?

According to value investing, the general way to find the instrinsic value of a company, and therefore its stock, is to estimate its future cash earnings in perpetuity. However, this doesn't take ...
Paul Pham's user avatar
  • 123
0 votes
1 answer
140 views

Where should I keep the money for the shares I purchased from my UK startup business?

I am at the beginning of setting up a UK business and started it with one share valued at £1.00. I am the owner of this single share. I am now wanting to pay the amount I owe for the share to the ...
wsdevuid798's user avatar