DesignEx
Regular Member
- Mar 11, 2011
- 271
- 57
I've been doing web design for a number of years, and I've always just ran it through my own name (checks go to personal back account, same with paypal).
I've been debating incorporating, and running everything through there for awhile now. One reason is personal liability, another is it just looks better.
The problem I have is taxes, and whether or not incorporating would effect that much. Right now I only pay taxes, claim taxes when I get sent a 1099. Which is fine, but most clients don't bother with this.
So if I incorporate, would that mean I'd definitely have to claim all the income on my tax forms, how would that work? Everything is very simple now, and easy to manage. I really wouldn't want to complicate things too much.
Any thoughts?
I've been debating incorporating, and running everything through there for awhile now. One reason is personal liability, another is it just looks better.
The problem I have is taxes, and whether or not incorporating would effect that much. Right now I only pay taxes, claim taxes when I get sent a 1099. Which is fine, but most clients don't bother with this.
So if I incorporate, would that mean I'd definitely have to claim all the income on my tax forms, how would that work? Everything is very simple now, and easy to manage. I really wouldn't want to complicate things too much.
Any thoughts?