Online sellers have responsibilities beyond sales tax. Like other businesses, they must report and pay federal income tax on their profits (pass-through entities like Sole Proprietorships, Partnerships, and LLCs pay personal income tax while other entities are taxed at the corporate tax rate). Gen...
If you buy, sell or exchange crypto in a non-retirement account, you'll face capital gains or losses. Like other investments taxed by the IRS, your gain or loss may be short-term or long-term, depending on how long you held the cryptocurrency before selling or exchanging ...
It doesn't matter that you've sold used items. You're making a profit and that's what you are taxed on. Also, it's not Paypal's job to figure out your expenses. That's your job as a business owner. They report gross reciepts and you deduct expenses on your tax...
I'm in Florida where services aren't taxed like goods. I'm a service based business. Some invoices can be $10K, so to lose $300 for no reason, is a huge hit. If I raise my rates by 3%, I can lose business. Also, there are meth...
There are a number of very narrow houses in Amsterdam’s historic inner centre. During the 17th century home owners were taxed according to the canal-side width of their building. The houses at Singel 7 and Singel 166 have incredibly narrow facades (around 1m wide) at the back – however ...
Overtime and holiday pay.If you work on a holiday, or for more than a certain number of days withut a day off, or for more than 9 hours on a given shoot day (including your meal time), you get paid anywhere from time and a half to triple time, and your agent gets a commission...
sales and marketing infrastructure in order to sell your own products. Though you can list a single price on eBay the big benefit of their platform is the auction system which let's your prospective buyers get into bidding wars - driving up the price you can sell at with the items you ...
Tax exemptions reduce the amount of income on which you owe tax. For example, if your gross income is $100,000 and you have a $5,000 exemption, you will be taxed on $95,000. Tax credits directly reduce the amount of tax you owe. For example, if your taxable income results in a ...
How Do Tariffs Affect You? If you are a consumer, tariffs affect you because they result in an increase in the price of imported goods. If you are a domestic producer, tariffs can help you by making your goods cheaper compared to international goods, thus increasing your sales. ...
The JV agreement will spell out how profits or losses are taxed. If the agreement is merely a contractual relationship between the two parties, then it will determine how the tax is divided between them. Joint Ventures vs. Partnerships and Consortiums ...