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.
179
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7
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Why "N-year" loans (and other complications)? Why does a loan need so many parameters?
If the title sounds ridiculous, please hear me out before downvoting.
Let's start simple. You have too much money on your hands and want to start a loan business.
If you neither want to gain nor lose ...
- 3,369
2
votes
1
answer
91
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Tax whilst starting a business in full time employment
I live in the UK and I'm thinking of starting a business whilst in full time employment.
I've looked up the tax rules but I'm still quite unsure on everything. I was hoping someone could just clear ...
- 21
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2
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602
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New vending route business, not sure how to determine taxes
I have started a new LLC business in Ohio for which I have acquired multiple amusement vending machines (these are prize redemption machines e.g. claw machines) with the plan to lease space and start ...
user60952
2
votes
1
answer
173
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Selling an app, sharing income, how does it work tax-wise?
Suppose I develop an app with a friend, and put it on sale (say with apple or microsoft). We want to split the income from the sales 50/50.
Suppose I receive all the income from the sales. Now I want ...
- 515
2
votes
1
answer
792
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Using business check to pay at retail
I recently opened a LLC bank account, and need to buy some equipment (computer parts) for the day-to-day operation. I want to buy in a physical retail store for convenience.
Can I use a business ...
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2
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216
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Starting a large business with a not so large income? [closed]
It's something people here don't like talking about, but how would one accomplish the funding of a highly expensive business when they themselves don't possess a high income? It would seem that this ...
2
votes
1
answer
445
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Borrow money to invest in a business venture with equity?
Is it generally considered a financially-sound thing to do for one to borrow money to invest in a business venture, which may not be their own? For example, Jane borrows $50K to put in to a startup ...
0
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1
answer
64
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why if change manufacturing of a product not change the price for the buyer? [closed]
I want to explain my question, if it is true.
Take an example, "X".
"X" wants to move their production from a country to another, doing that, "X" reducing the cost of manufacturing that product. But "...
- 111
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1
answer
192
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How to get a grip on finance? [closed]
I hope this is not too off-topic (theoretical but not necessarily off-topic), but I am just starting to understand the financial world and I am a bit confused while reading publications and books ...
0
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1
answer
78
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I am working as a freelancer (interior designing) in India . Do I have to register as a business?
I have recently been appointed as an interior designer for a Europe-based company. Although my income has not been fixed, do I have to register as a business in India? Can I print my visiting cards ...
0
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1
answer
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Filing 1120S for business that was shut down in 2015 and had no activity in 2016
My business shut down in 2015 and had zero income or activity in 2016. It was an S-corp. The 1120S taxes for 2015 were filed in March of 2016.
My assumption was I could simply file the tax return ...
- 103
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2
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1k
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Investing/business with other people's money: How does it work?
I have heard of this phrased such as "OPM" -- basically, "other people's money."
It's something said that, if you don't have the funds necessary to invest, use someone else's money.
What does this ...
user54245
20
votes
2
answers
3k
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Which year to use to pay US taxes on business income that was invoiced in December but paid in January?
I was paid a few hundred dollars to review a few textbooks.
I submitted an invoice in Dec 2016,
and received payment in Jan 2017.
When I pay taxes on this income,
does that count towards 2016 or 2017?
...
- 303
1
vote
4
answers
8k
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Having a separate bank account for business/investing, but not a "business account?"
Say I invest and I'm self-employed. I have one "personal/everyday" account, but would like to separate another account purely as a "staging account" which would be used for investing and business, but ...
- 11
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2
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931
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How can I make $250,000.00 through investing within 5 years?
I've decided to finally start setting financial goals. I never believed I needed them, but it makes sense to aim for something measurable and possible in order to focus my efforts. I would like to ...
- 57
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1
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57
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Do ESOP company employees need to fill out Schedule C?
I work at an ESOP so technically I am one of the "owners" of a business.
This resulted in my W-2 having the entry in box 12a as "C XXX" where XXX is an amount less than $1000.
Can I just enter XXX ...
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3
answers
2k
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Why should I choose a business checking account instead of a personal account?
First, this is not a question of separating money, but a which product to choose. So put away the torches and pitchforks.
So, in researching for my wife's sole proprietorship LLC, we can't find a ...
- 61
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0
answers
99
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Selling utilities to an LLC
So, first I'd like to say the LLC has been setup, and no we have not "finished" all aspects of the business. Meaning, it's legal but we're ironing out a lot of loose ends, and will be consulting a tax ...
- 61
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1
answer
8k
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How to offer financing to customers (Used Car Dealership)? [closed]
I'm have used car dealership and I would like to offer financing options for my customers (Lately many potentials buyers ask for such). Does anyone knows from where I can start ? What company does ...
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1
answer
3k
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Using credit card points to pay for tax deductible business expenses
If I use credit card points to pay for business expenses, am I still able to claim those expenses as deductions on my taxes?
Part 1: As a small business owner, I wish to attend an annual seminar to ...
- 13.8k
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3
answers
596
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Sell a domain name with equity contracts?
I have a few domain names I want to sell. Because some of them have an extremely high potential to earn the buyer big money when turned into a prosperous, profitable business, I've thought about ...
- 11
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0
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86
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UK Business rates if multiple businesses/partners operate in the same unit
I can't find an answer for this anywhere...
If a business property is rated at £10k and we figure out the business rates as such:
£10,000 (rateable value) x £0.462p (multiplier) = £4,620 (basic ...
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1
vote
1
answer
389
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Business Expense - Car Insurance Deductible For Accident That Occurred During a Business Trip
I use a personal vehicle for business purposes and use the standard mileage deduction. I had an accident during a business trip. Is the deductible for the claim tax deductible?
- 651
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212
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Can I send a money order from USPS as a business?
I own a small business, and a contractor I hired asked to be paid through money order for services rendered.
Can I send a money order to him under my business? For instance,
From: My business name
...
- 113
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votes
2
answers
187
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Why do savings accounts for businesses offer less yield?
Why do US savings accounts for businesses offer less yield than bank accounts for individuals? For example, Synchrony, Ally, Barclays all offer +1% for an individual savings account, but don't offer ...
- 1,256
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1
answer
193
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If I want to buy from a merchant that uses PayPal, do I have to create a PayPal business account?
My company need to by something online. My company does not have a credit nor debit card and I don't plan to get one at the moment because the business is very small.
The merchant I was planning on ...
- 111
2
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3
answers
6k
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"Business day" and "due date" for bills
I've come across this situation a couple of times and I'm a bit confused. Say I have a wireless bill which shows a due date of July 24 2016 (a Sunday). I submit an online payment from my bank on the ...
- 162
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4
answers
1k
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Investment strategy for a 20 year old with about 30k in bank account
I just turned 20. I'm in the Army, I came back from over overseas 6 months ago. In January 2016 I invested 5500 in a Roth IRA and 9500 in stocks with Edward Jones. Altogether as of now I've gained ...
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2
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1k
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What's the appropriate way to signify an S-Corp?
If I have traditional company called Acme then I'd write:
Acme, Inc
If it were an LLC:
Acme, LLC
If it were a Limited Partnership (I think -- I'm basing this on LucasFilm):
Acme, Ltd.
If I were ...
- 297
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votes
4
answers
1k
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How are the best way to make and save money at 22 years old
I am currently 22 years old, I work as an insurance biller and make about 800-900 dollars every two weeks cash. I have no expenses because I still live with my parents but I'm trying to branch out on ...
0
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4
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135
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Investments and Equity
First, I apologize if this has been asked/answered before. Was not really sure how to search for the answer so I'm asking it here.
To me, it has always seemed like a business is a thing. A thing with ...
- 101
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2
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Where are all those unsold vehicles?
Every year, every car manufacturer produces tons of cars. And of course, not all of them are sold during the year. My question is where are all those unsold new cars reside? If I go to a dealership (...
3
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1
answer
91
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Help Needed with scenario: Live in Florida / travel to New York what is my Tax Home, etc
My profession is licensed by NYS and I own my own business (LLC in NY). I have been afforded the following opportunity:
Most of the money I earn are from municipal sources (1099) for services I ...
- 39
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1
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123
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NYC: Should I open a business to receive tax benefits for an app I built even if it makes close to no money?
I just made an app and put it on the app store in January. It was just a project I built on my own for fun.
It has made $1 so far from advertisements, and probably won't make much money this year. ...
- 751
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Business Investment Loss from prior year
In 2011, I invested $30,000 into a restaurant. I was a passive investor. I wrote a personal check from my account to the business entity.
A year later, the restaurant closed and all my money was ...
- 13
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1
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81
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Personal checks instead of business ones
In B.C can a large Hotel company write you a personal check instead of a business one? There is nothing providing the amount taken off for tax or the hours worked.
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1
answer
153
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Can you depreciate assets differently between Federal, State, and Local?
I want to claim a Federal Section 179 deduction for some assets. Write off the entire amount in the year I bought it. However, with Pennsylvania State Tax Laws, it makes more sense to spread the cost ...
- 153
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1
answer
141
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Can Per Diem deductions include family travel, meals and housing?
I have a house in one place and found a job in another place that pays very good rate.
Since I don't want to live separately from my family I want to rent a house near work place and live together ...
- 187
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2
answers
596
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What should one look for when opening a business bank account?
I've created an LLC under my name for my contract work (taxed as a sole proprietorship). Because of this, I'm planning to open a Solo 401k, and due to that I'm planning to pay myself income based on ...
user12337
0
votes
1
answer
9k
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Start a Holding Company? [closed]
I'm 23 I've recently graduated college with two bachelor's degrees and have studied finance extensively in my spare time. I work as a software engineer, and even though I don't hate the work I know it'...
- 101
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2
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210
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Refinancing Loans from USA to India
I have a friend living in USA who is a US citizen. He can take a loan of X$ from a US bank as a personal loan or a business loan. Can he finance my company in India with this loan he availed from USA ?...
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If I were receive an $80,000 inheritance & want to open a business, what taxes would I owe?
I am receiving about $80,000 inheritance, and I want to start a business. How much would I be taxed or be deducted if I were to put it into a savings account. Lets say the bank is some well-known bank ...
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2
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664
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How to calculate S corporation distribution from past K-1s?
Let's say a friend of a friend has been the sole owner and employee of an S Corp for five years. Some of the past K-1s have reported a loss, and some years have reported a profit. The business owner ...
- 237
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1
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435
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How does per-annum depreciation for taxes work after the first year of depreciation?
My state requires me to report personal property that I use for my design business. Here is the specific form in question: http://www.dat.state.md.us/sdatweb/pp1inst_2015.pdf. The form says that ...
- 165
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4
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2k
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What is the relationship between the earnings of a company and its stock price?
I have heard that people say the greater earning means greater intrinsic value of the company. Then, the stock price is largely based on the intrinsic value. So increasing intrinsic value due to ...
1
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1
answer
497
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From a tax perspective, how can a business allow a large portion (80%+) of payments to be given to charity (like Humble Bundle)
To anyone who is unfamiliar with Humble Bundle, they let you purchase games (or other media) and you pay whatever you want. They also let you divide this money up between Humble Bundle, the content ...
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Financially Shielded Entity Separating Individuals Behind It From Risks
I recognize that some will get emotional when reading this question because I've asked it with friends and it created some tensions with some of them. I am simply asking from a pragmatic/possible ...
0
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4
answers
664
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Calculating Pre-Money Valuation for Startup
I have founded a company with investment of $250,000. I have been investing and developing this company for 2 years Company is not in market yet and needs external funding of $200,000 to be successful....
- 183
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1
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2k
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Filling Balance sheet in ITR4 for freelancers
I'm trying to fill ITR 4 for the first time. I'm a salaried professional with a side income from freelancing. I earned around 3 Lacs plus from freelancing.
In ITR 4 there is a section - Part A ...
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How can I register a UK business without providing a business address?
If you are a start-up from home and do not have an office yet, how can you register your business on http://www.companieshouse.gov.uk/ without publicly disclosing your personal home address? I know ...
anon