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.
186
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Explain the types of dividend distribution to me in plain English
On page 34 of "Essay Exam Writing for the California Bar Exam" by Basick Schindler (2nd edition), the book says the following:
Dividends are the distribution of cash, property, or stock ...
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23
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What's the tax system for foreign money earned in India through an international gaming business?
I run a solo gaming international business from India. People purchase gaming virtual products in GBP (Pounds) through my website hosted on "Tebex" which charges Sales Tax, Gateway Fee & ...
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4
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226
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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 ...
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130
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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 ...
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389
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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 ...
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180
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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 ...
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1
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479
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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 ...
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2
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80
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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 ...
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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, "...
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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 ...
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45
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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 - ...
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164
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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 ...
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2
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192
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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 ...
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153
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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 ...
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57
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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 ...
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2
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174
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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, ...
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2
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122
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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 ...
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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 ...
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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 ...
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1
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98
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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 ...
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5
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1k
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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 ...
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239
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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 ...
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122
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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? ...
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3k
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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 ...
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478
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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 ...
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99
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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 ...
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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.
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77
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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 ...
user114821
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2
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757
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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 ...
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107
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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 ...
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56
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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 ...
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90
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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 ...
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3
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350
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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 &...
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3
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6k
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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 ...
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11
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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 ...
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113
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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 ...
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1
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48
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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 ...
Ryan
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1
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54
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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 ...
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8
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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 ...
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1
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177
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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 ...
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2
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90
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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 ...
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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 ...
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288
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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 ...
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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 ...
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204
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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 ...
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175
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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. ...
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3
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2
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346
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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 ...
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236
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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 ...
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39
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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 ...
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153
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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 ...
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