tax

Hey people, I have a few questions for you because i didn't find any enlightening info through the internet. First of all i am planning to set up an ecommerce site and start dropshipping from aliexpress. I am a Cypriot citizen but I've been living in Greece for 5 years. I have a bank account...

Voluntary agreement gets green light Amazon and eBay are to ink a deal with the UK tax man this month to provide data on potential VAT evaders. Both companies confirmed to The Register they will sign a voluntary agreement with HMRC, along with other online marketplaces, to combat...

My accountant is so nitpicky! Last year I went to a Florida convention with my wife who is on my business charge card. I had to take my kid with me because we didn't have a baby sitter. He says you can't do that... buy plane tickets and bought some meals. My wife is my 2nd employee and I took my...

My accountant wants to charge 3-4K for all the stuff she has to do with my business. I have many many receipts from 16 and 17. She has to amend my taxes from 16 (business and W2's). I have to structure my business. I'm from the US... does that sound right for an accountant price?

Hello, I am newbie.. I am just curious to what extent and for What we need a tax statement? Since when we need to organize it? I thought because we were working in the internet, we could ignore some shitty tax regulation. If not, since when we need to prepare one? Thanks

I have a appointment with the accountant this week. What do I bring with me being self employed? I asked the receptionist and she said bring everything that has to do with my business. I have many receipts but how do I show FB advertising cost, Shopify sales, merchant fees, etc? Any advice...

Let's say an angel investor decides to invest in your startup. I'm curious about few things here: Is that investment taxed? If you would start a company with this investment, would that investment count as an income at the and of the year and get taxed? What happens with that investment if...

Hi. Post directed to UK residents and non-residents who are subject to UK tax law. I started trading & mining crypto-currency in the beginning of December 2017. Since I am an accountant I thought about tax complications before I made any profit. The below relates to legal/ not prohibited...

I know a movie pirate site that earns $40M a year. The domain is blocked many times and they receive many threats from copyright agencies. They just change the domain extension everytime they get blocked. Now let us assume that 1) They use a offshore VPS that ignores DMCA 2) Paid for the...

Hi, I live in Canada and i make more than 5k$ per month using adsense, but i don't have any idea about how to pay taxes and all that stuff, do you have some experiences about this topic?

Hell, Is there anyone who can help me to get ITIN? If you can help please PM or Comment Here. Thanks

If a friend of mine starts sending me money via Western Union (between $500-1000 a week), are those transactions going to be reported for tax purposes? Just curious if I need to be concerned about a paper trail catching up with us, or if 1000 a week isn’t really enough to turn heads. Will our...

Hey guys, hoping for an accountant to answer this or someone that knows. Back in April I filed an extension for my taxes because I had to get my receipts together and didn't have enough time. I was a sole proprietor last year with a W2 for myself and wife. Is it possible to amend my taxes for...

Hello! I was thinking about building up a company specifically for dropshipping. Because i live in Germany i have to register a company there and pay the german taxes, and they are insane. First there is the income tax which starts with the lowest percentage of 14% and the highest at 45% Then...

This will be short, but it will give you exactly what you need to do to setup properly to pay the lowest amount of tax. If you're making more than $50k/year in IM I'd say this would help you. - Create an LLC in your state - Elect to file as an Scorp - Setup a payroll for yourself (I'm assuming...

Hello, Paypal just send me an email askinf for my task ID Number. Mail: We ask you for your Tax ID Number in accordance with new rules of the IRS. Your Tax ID Number may be one of the following: - Your Social Security Number - Your Individual Tax Identification Number - Your Employer...

Hi there, I have been using Ebay/paypal stealth account. Since I am not from US, I have linked a friend's bank account with paypal who routes money back to me. I am ready to pay taxes but how should I handle taxes for him here? 1. All the deposits from paypal are shown as income (without any...

Newbie here, Is TIN no. Necessary if you are a non US citizen. Help Appreciated :)

Hi Guys! My husband is getting a little promotion with his job. I'm self employed and own a tanning salon. I need help to see how my husband can negotiate a better salary. He has been with his company 5 years and mostly because of insurance we need for our family (too expensive being self...

Hello BHW, In the last month, I've made a little more than €300 through Fiverr. One third of the money is already in my PayPal. The problem here is that the PayPal account is of my dad, and he doesn't want to transfer the money to his bank account. Because he thinks it isn't "right". So I'm...