Do I need any documents?

Discussion in 'Business & Tax Advice' started by Total Noob, Mar 17, 2010.

  1. Total Noob

    Total Noob Jr. Executive VIP Jr. VIP Premium Member

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    Suppose I make $5000 total. I spent $4000 buying clicks, paying affiliates, etc.

    Do I need to get a legal document of some sort from someone? What if the amount is $50,000 or $500,000?

    Thanks
     
  2. Total Noob

    Total Noob Jr. Executive VIP Jr. VIP Premium Member

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    Stupid statement, if I only make 1k net I am not paying them for 5k worth of sales.

    Anyone else?
     
  3. yeahright

    yeahright Registered Member

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    You're an idiot.

    You get taxed on net income, not gross.
     
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  4. 7878

    7878 Supreme Member

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    This kid bought his accounting degree on DP for $7.

    @ Jared - Advertising is an expense, and you don't (generally) pay taxes on expenses, but it's imperative that you can show that you're actually spending that money. If you can afford it I highly recommend you get a CPA.
     
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