Questions tagged [sole-proprietorship]

For questions related to sole proprietorship.

10 questions with no upvoted or accepted answers
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Should I create a simultaneous Part-time Sole Proprietorship and Part-time single-member S-Corporation?

I am self-employed and my business has two distinct parts: Engineering and Design - which makes $50k income / year Manufacturing and Sales - which makes $150k income / year I am currently running ...
2
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0answers
26 views

Getting paid by my own disregarded entity in Idaho, do I need to file an Idaho personal income tax return

No physical assets nor contracts in Idaho itself. I do not live or physically present in Idaho. So reading through the income tax documents: Idaho source income is income from: Transactions or ...
2
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0answers
355 views

Freelancer, Schedule C, Deductions for MEALS in 2018-2025

This question is specific to sole proprietor freelancers who (a) network with other freelancers, (b) sometimes outsource their work to other freelancers but never employ someone, and (c) file a 1040 ...
2
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0answers
58 views

Covering all legal/tax bases for sole proprietorship selling apps?

I'm just starting a sole proprietorship for making & selling iPhone/Android apps. I expect buyers all over USA/world. As a traveling performer, my personal location is 50% Florida 50% California, ...
2
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0answers
48 views

Am I eligible for a CDC/504 loan as a sole proprietor?

I have a sole proprietor software consultant business, and I am thinking of buying a small office because it would be a better investment than my current office rental. I was looking into loans for ...
1
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0answers
456 views

Australian - living overseas - freelancer, digital nomad - income tax

I am an Australian resident and just about to head off to travel Asia for the next year or two. I would like to become self-employed with an Australian ABN and work as a freelancer (digital nomad) ...
1
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1answer
95 views

Income-Tax and Side-Hustle Providing Internet Related Services

I'm looking at starting a side hustle that provides solely software related services. Like web-hosting, app development, etc. In the near future, I'm not looking for any sizable profit (or any for ...
0
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0answers
25 views

Australian JobSeeker Eligibility for Kiwis living in NZ running Australian sole trader businesses?

I used to live in Australia. I started a small business, set up as a sole trader, still run the company but have lived in New Zealand for 12 months now. The new Jobkeeper fund allows for sole traders ...
0
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0answers
33 views

Opening a small business for Buy-Sell transactions

I am looking to open a business for just several transactions which consist on: 1) Buying merchandise overseas (not importing into USA or making use of such merchandise) 2) Selling the same ...
-1
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1answer
39 views

Journals for credit with suppliers

How would I keep a record of payments with an insurance supplier (Zego if that helps) if they bill on the basis that the account gets topped up with credit, then they deduct from the credit on a pay ...