The Small Business Tax Help Blog

Archive for December, 2007

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

State Farm’s rates headed up — way up for some

Average rate hike as high as 64 percent for part of Broward State Farm customers in South Florida and the Orlando area can expect hefty rate hikes starting in July, some as high as 64 percent.

Haleigh’s family prays for Somer’s family. PCSO still thinks Haleigh may be alive.

Question: Am I due for a salary raise?

Its now almost July in 2009
I’ve been working in a small store since end of July of 08 (off the books)
I started at $7.50
December 08 received a raise to $7.75 ((5 months))

Its now been 7 months since my “raise” & I am their only good employee, (i know how to do everything- always on time- customers love me.. etc) they even tell me I am the best they have in front of the other people that work there. Its a small store, so normally I work by myself, cashier (with my boss– nicest & funniest person ever-young still).

I really want a raise, since I am going on a cruise & camp this summer which I am paying myself, and need the money.

How should I approach this?
& as business people, am I due for a raise?

thanks (by the way, just a reminder I am off the books working, so no taxes are taken out)
i am NOT quitting…. by the way..

Answer: yes, u are due for another 25 cents, at least, considering that the last increase of 25 cents was after 6 months, and that u have gained more experience since

just tell ur boss explain the above reasons

Unemployment tax worries small business owners

PANAMA CITY — Hercules Pettis is paying a Business Tax that shot up more than 700 percent in one year. He paid about $1,000 in taxes last year for employees at his VanHorn Transfer and Storage business. This year, he’ll pay between $10,000 and...

NBR | Tax Tip 4 – First-Time Home Buyers Credit | PBS

Question: I joined a consulting firm organized as an LLC. It is charging me for out-of-state taxes. Should it?

I received 70% of what is billed for my services to the client – the LLC retains the balance for its overhead and general partners. If I didn’t work, or the client didn’t pay, I didn’t get paid. I left the firm, earlier this year due to lack of work – but now they’ve come back to me demanding I pay state taxes.

I performed services in Washington State for a client business situated in Washington and never left the state, but the LLC is insisting that I pay taxes on income from California, Georgia, New York, etc. The firm apparently has individuals providing similar services at other client businesses in other states, Apparently the firm’s tax preparer is trying to associate my earnings with those other states.

I paid self-employment and federal income taxes directly from what I received.

I received a K-1 and filed tax returns properly for federal purposes.

Washington has no income tax.

It seems wrong on multiple levels. What am I missing?

Answer: As a partner, you shared in the income of the firm--not just the money you brought in. Since some of that income is sourced to California, Georgia, etc, you owe taxes to each of those states.

The fact that Washington doesn't tax you is moot.

Separating cash, expenses can make self-employment pay off

KHAMPHA BOUAPHANH/Special to the DMN Jeff Livney, 21, started Livney + Partners, an interactive advertising firm in Fort Worth, when he was in high school.Do you dream of just chucking the corporate rat race and becoming your own boss? While there's a certain amount of freedom at being your own boss, there's also the realization that you now wear two hats - employer and employee.

NuPower. Tochter von Arafura. Gold Phosp.

1. NuPower. Tochter von Arafura. Gold Phosphat Uran. Ich glaube, dass diese Company Ihren Anlegern noch viel Freude bringen wird. NuPower ist im Jahre 2007 aus Arafura entstanden, wurde samt Lizenzen ausgegliedert.

Ein PDF mit TYPO3 hochladen und verlinken

Question: Does a 49% owner of a LLC who is a foreign company have to pay self employment tax on their LLC earnings?

foreign company has a 49% equity ownership of a LLC in the US. Does this company pay self employment tax on their portion of income from the LLC?

Answer: Companies don't pay SE taxes, only individuals do.

Financial Times FT.com

I am completing my tax return. I have employed and self-employed consultancy earnings – the latter involving working by computer and telephone in my study at home for one day a week. I have a mortgage on my home.

Hijacking Humanity Final Cut - Part 13