Some Advice Please!
#16
Re: Some Advice Please!
Originally Posted by ControlFreak
What I need to know is when he files his taxes this year, should he declare the money he has made as a free-lance musician? He hasn't in the past as he's never earned enough through it. And it's difficult to prove when and how much he's been payed.
CF
CF
Free-lance musician also equals a sole proprietor who is obligated to keep financial records. I would recommend starting off this year with a seperate checking account for his business income and using that account for - and ONLY for - depositing income & paying expenses from his free-lance business, and have him write himself checks out of that account and into his personal account to pay himself. Also, consider an accounting program such as QuickBooks.
Good Luck!
Marnee
#17
Re: Some Advice Please!
Originally Posted by CaliforniaBride
Well looks like you got it. Just not from me.
<insert hyper's evil smiley>
<insert hyper's evil smiley>
LOL LOL LOL!
#18
Re: Some Advice Please!
Originally Posted by USA & Pakistan
Keep in mind that he will owe self-employment tax (for soc sec) of 14% strait off the top, plus whatever other regular tax.
Free-lance musician also equals a sole proprietor who is obligated to keep financial records. I would recommend starting off this year with a seperate checking account for his business income and using that account for - and ONLY for - depositing income & paying expenses from his free-lance business, and have him write himself checks out of that account and into his personal account to pay himself. Also, consider an accounting program such as QuickBooks.
Good Luck!
Marnee
Free-lance musician also equals a sole proprietor who is obligated to keep financial records. I would recommend starting off this year with a seperate checking account for his business income and using that account for - and ONLY for - depositing income & paying expenses from his free-lance business, and have him write himself checks out of that account and into his personal account to pay himself. Also, consider an accounting program such as QuickBooks.
Good Luck!
Marnee
Originally Posted by CaliforniaBride
Well looks like you got it. Just not from me.
#19
Re: Some Advice Please!
Originally Posted by ControlFreak
So why post in this thread? Or maybe you're just bored and trying to up your post count.
Face it, you deceived, lied and stole money. And now you show up here asking for advice on how to prevent your actions turning around and biting you on the arse. And asking for support too!
Sorry, no can do. I have an opinion that I am entitled to share whether you object to it or not. But if your desperate for advice then my advice is, don't tell immigration, see if their smart enough to work it out. After all you were smarter than the taxman you might beat immigration too.
#20
Re: Some Advice Please!
Originally Posted by CaliforniaBride
Reality Check for Control Freak! This is a public forum. A place where facts, information, misinformation, opinion and such like are freely shared. You might calm down a little when you realise this. If you don't appreciate the public comment then I suggest you have a private consultation with an attorney. You could of course mark your post - Only answer if you have sympathy for me - but I suspect that this would be a red flag to some of the board members and you would end up with more to read through than my posts.
Originally Posted by CaliforniaBride
Face it, you deceived, lied and stole money. And now you show up here asking for advice on how to prevent your actions turning around and biting you on the arse. And asking for support too!
Originally Posted by CaliforniaBride
Sorry, no can do. I have an opinion that I am entitled to share whether you object to it or not. But if your desperate for advice then my advice is, don't tell immigration, see if their smart enough to work it out. After all you were smarter than the taxman you might beat immigration too.
And no, I don't want to 'beat' immigration or the taxman. I just want to get things straight in my head, and if that means posting questions that might upset someone, then I'm sorry.
#21
Re: Some Advice Please!
Originally Posted by ControlFreak
Yes, I agree that you are entitled to an opinion.
And no, I don't want to 'beat' immigration or the taxman. I just want to get things straight in my head, and if that means posting questions that might upset someone, then I'm sorry.
And no, I don't want to 'beat' immigration or the taxman. I just want to get things straight in my head, and if that means posting questions that might upset someone, then I'm sorry.
#22
Re: Some Advice Please!
Originally Posted by CaliforniaBride
Likewise, my responses may upset. For which I do not apologise.
*looks around for a thicker skin to wear*
#23
Re: Some Advice Please!
Originally Posted by ControlFreak
Well, that clears that up.
*looks around for a thicker skin to wear*
*looks around for a thicker skin to wear*