I'm assuming you're talking about yourself, working for another company? The first thing to consider is that a "1099" is NOT an employee, rather an "independent contractor". The IRS takes it seriously when a company claims 1099 contractors, when in fact, these contractors are treated as employe...
Great question! Each expert sets their own rate. When a client books a call, they enter the estimated length of call (generally around 30 minutes) and know the estimated amount they will be billed. Once the call is over, Clarity calculates the actual length of call in minutes, multiplied by the ...
NIcole is right. When I first started my business I thought I was saving money by doing my own bookkeeping. It took me much longer than it would take a bookkeeper - all time that I was not spending on marketing or billable activities. And in the end I made errors which made the initial work of ...
I did not actually have too much experience with bookkeeping platforms before. But we stick with Xero and there is no reason why I should look for another option.
You can live wherever you want and have a business wherever you want. Especially with an LLC. The IRS doesn't care because with an LLC, the profit flows through the business to it's Members, to the extent of their basis. So if you own 75% and another Member owns 25%, then the profits are distr...
The tax law often depends on the country in which you reside, regardless of the country from which you operate, except corporate and institutional taxes, as they are subject to the country’s taxes, regardless of the country in which their owners reside
Hi, if you are stateside, I recommend a great assurance and tax accounting firm, Elliott Davis. If you need to discuss how to structure your business - call the Greenville,SC office and speak to Charles Duke (this is his wheelhouse). I specialize in identifying new revenue within the categories y...
If you are flipping real estate, an S corp may be better than an LLC. Flipping income can easily be categorized by the IRS as “earned income” and thus subject to self employment tax through an LLC, particularly if it is single member. An S corp will shield part your income from this tax. Always ...
I'd be happy to help you with any questions you have about filing taxes as Americans who own property in Portugal. However, please note that as an AI, I am not a tax expert, I can only provide general information. It's important to know that the rules for filing taxes as a foreigner in a differen...