Tag Archives: income
If my corporation has no income and has some expenses, do I need to file a tax return?
Question by Kiran C: If my corporation has no income and has some expenses, do I need to file a tax return? I have a small business that I started in 2007. There will be no income until April 2008. … Continue reading
Q&A: how does a small busines pay taxes on foregin income?
Question by luckytauro: how does a small busines pay taxes on foregin income? This is a two part question since my business is International (meaning I am paid by a foreign country and I also pay contractors that are not … Continue reading
what percentage of my income do i take out for small business company?
Question by Earnest S: what percentage of my income do i take out for small business company? i just started out with a small business with a friend it is a partnership and we get paid just for labor . … Continue reading
At point with a new business does one have to start reporting income?
Question by Michael: At point with a new business does one have to start reporting income? My wife started a new small business for herself – custom framing. She got a check for $ 120 for her first project. At … Continue reading
Does offering small businesses tax breaks while raising income taxes on the owners make sense?
Question by Me: Does offering small businesses tax breaks while raising income taxes on the owners make sense? Best answer: What do you think? Answer below!
how do you figure out the value of a small business? past tax returns or potential income?
Question by DMSP: how do you figure out the value of a small business? past tax returns or potential income? If I needed to find out the value of my small business, whats the accurate way of doing it? I … Continue reading
Q&A: Does a U.S. small business have to file taxes in Canada for a small amount of income earned in Canada?
Question by DFK: Does a U.S. small business have to file taxes in Canada for a small amount of income earned in Canada? I am in a touring band, that is set up as an LLC. We played three shows … Continue reading
How much do I have to pay in taxes in Ontario on the income from my small business?
Question by : How much do I have to pay in taxes in Ontario on the income from my small business? I registered my small business online this year and my revenue will most likely be around $ 15.000. I … Continue reading
Q&A: If you own a small business and your taxes go up how will you make up for the loss in income?
Question by jkherberger: If you own a small business and your taxes go up how will you make up for the loss in income? Best answer: Answer by robert eraise prices, if you are in a crucial industry, then the … Continue reading