How much should I be looking to pay for an accountant to do our yearly taxes? small business |
- How much should I be looking to pay for an accountant to do our yearly taxes?
- I need to create a 1 minute video to promote myself and my business. What should I do?
- No income from LLC yet(brand new and investing in training still)...question about paying for equipment related to the business
- Accounts Receivable Factoring - is it a good idea?
- Best way to use my personal credit cards with business
- Invitation to a research project on Entrepreneurship and Neurological Diversity
- Looking for Online Scheduler that incorporates travel time
- Facebook Ads - How on earth do I get my campaign profitable/consistent?
- Should I start paying myself as a W2 employee if I want to apply for a mortgage in the future?
- Amazon card for my small business?
- Sole Proprietorship & Expanding ventures
- Questions before filing my LLC
- Free Tax Software for LLC (Filing 1099s for Independent Contractor)
- How much do commerical realtors charge in Ontario?
- [Question] How does Merch by Amazon work? Can I make any clothing?
- How to make restaurant recession + new competitor "proof"?
- Creating Product Labels out of Dear Inventory
- Why You Should Use An Expiry Reminder App
- Tax Responsibilities of a Small Business
- S-corp business address for car registration taxes
- How do you stay motivated, actually?
- Designer Brands
- Anyone do NDT inspections?
- Part-time salesperson - Will this model work?
| How much should I be looking to pay for an accountant to do our yearly taxes? Posted: 25 Apr 2019 05:36 PM PDT |
| I need to create a 1 minute video to promote myself and my business. What should I do? Posted: 25 Apr 2019 11:01 PM PDT Just to give some background: This year I've been nominated for the young entrepreneur of the year in my city. There will be an event on June 14th where the winner will be announced and the prize is $5000 cash. Every nominee is required to submit a 1-minute video to explain who they are and what their business is. The expectations are set very low (they said iPhone videos are ok) but I'd like to go above and beyond to help win/become a finalist. My business is social media marketing and web design, I manage the social media pages for local businesses and build websites for them. I've been doing it for about 2 years. My question is: How should I go about this? Should I hire a professional video production company or do like a selfie video? I'm basically just looking for some ideas. Also what should I talk about in my 1 minute? It's not a lot of time but I'd like it to help me as much as possible. Thanks guys! Any help would be super appreciated. [link] [comments]  |
| Posted: 25 Apr 2019 10:41 AM PDT Hi folks, I posted a few months ago when I threw myself in the deep end and registered my hobby as abusiness. I'm still investing in training seminars, some equipment etc but am not making huge money yet. I want to know since I'm filing taxes and the LLC is pass through, does it matter if I don't have enough money in the LLC to buy the equipment for the business and use my personal money to pay for it? I know they say to keep business and personal finance separate, but I don't have the income yet to "afford" the equipment out of the LLC account, so I have to invest with my own money. Is it better to transfer money into the LLC account as seed money, then use the business card to buy it, or is it fine to buy the gear and pay for seminars etc with my own money since it's considered an investment in the business? Same goes for gas spent driving to seminars etc. Thanks guys. [link] [comments]  |
| Accounts Receivable Factoring - is it a good idea? Posted: 25 Apr 2019 11:45 AM PDT A friend is a one-man trucking business, and was telling me that since he typically waits to get paid for 30/60/90 day terms, he often sells his accounts receivables to a factoring company at a discount. (He gets less money now, the company gets the full payment from the original client later) Has anyone else done this? Is this a trucking-specific thing? Or do people do it in other small businesses too (construction? manufacturing?) Are there alternatives? It didn't seem like a particularly good deal and I'm just curious how widespread the practice is. [link] [comments]  |
| Best way to use my personal credit cards with business Posted: 25 Apr 2019 06:55 AM PDT I'm a newer small business owner, solo shop, not the most revenue but it's a side business. I have a business bank account and a business debit card. I have to make a large purchase for the business soon and want to obviously use my business money for write off purposes. If I make the purchase on my personal credit card that gets points and then pay off that purchase right away with my business bank account, does that count? I really don't want to open a business credit card at this point [link] [comments]  |
| Invitation to a research project on Entrepreneurship and Neurological Diversity Posted: 25 Apr 2019 01:47 PM PDT As in the previous post, I invited those who are running a business or trying to start a business to take part in a new exciting research project linking insights in psychology and neuroscience to entrepreneurship. To date, over 600 entrepreneurs have already taken the survey! The project is called Entrepreneurship and Neurological Diversity. It focuses on certain psychological traits, self-care, and entrepreneurial outcomes. As a participant, you can receive your own personal profile, as well as a written summary of the findings so that you can benchmark yourself against other entrepreneurs. Here is the link to the survey: Entrepreneurship and Neurological Diversity survey You can read more about me and my research here: If you have any questions or concerns about the research, please don't hesitate to contact me. My email address is [jwiklund@syr.edu](mailto:jwiklund@syr.edu). Thank you in advance for your participation. [link] [comments]  |
| Looking for Online Scheduler that incorporates travel time Posted: 25 Apr 2019 11:59 AM PDT I'm trying to look for an online scheduler (calendly, acuity, and etc) that puts buffer/travel time according to the last location (or even my current location). Maybe this might be a stretch, but this would be incredibly helpful since my business is me going to people's home for in-person meeting/appointments. [link] [comments]  |
| Facebook Ads - How on earth do I get my campaign profitable/consistent? Posted: 26 Apr 2019 12:22 AM PDT I have an online store that I am trying to get off the ground. I have put a lot of time, effort and money into FB ads with some minor success. I have read about and tried to improve all aspects of the ad - audiences, copywriting, a good picture, a good landing page, the whole shebang. But I have spent hundreds on ads and only made a few sales, which is obviously not sustainable and is quite discouraging considering the effort I've put in. I'm pretty confident in the appeal of the product and pricing, the postage price is fairly low as I have been advertising only in my country (although I do ship internationally), and I think the ads I have run are pretty solid. Can anybody think of something I might be missing or something I can do to improve my success rate? Any advice would be very much appreciated. [link] [comments]  |
| Should I start paying myself as a W2 employee if I want to apply for a mortgage in the future? Posted: 25 Apr 2019 11:07 AM PDT I just got word that I'll be laid off from my day job this month. I have a side business that I'm now going to grow into my full-time job. I've never showed much of a profit for my LLC, so up to now I've just paid the taxes at the end of the year on my personal filing as a pass-through entity. My question is - should I convert to an S-Corp and start paying myself an hourly wage if I want to apply for a mortgage in the future? The business will make less than $20k this year, about double that or more next year. I'm torn between writing off as much as I can or trying to make big profits to show that I have an income. I feel like it would be beneficial if I could have pay stubs to prove my income, if not for a mortgage then at least for other types of personal credit if needed. I don't want to have to give all of the business financials to lenders if I don't have to, I'd rather be treated as if I was working for someone else so that only my take-home pay matters. Does this make sense in my situation, or should I wait until the business is making over $50k or so to file as an S-Corp? Obviously I'll consult with a pro before I do anything drastic, but I'd like to hear from people who have been there. TL;DR About to be self employed, want a mortgage in future. Should I pay myself as a W2 employee so that I have pay stubs to prove income? Thanks! [link] [comments]  |
| Amazon card for my small business? Posted: 25 Apr 2019 11:25 PM PDT In the process of restructuring the finances of my family's electrical business and had the idea of using Amazon's credit card. A lot of our material can be bought on az, and with us starting to buy in bulk (not yet from az), that 5% back would add up nicely. We spend roughly 60k on material annually. Does anyone have experience with the card or thoughts on this idea? [link] [comments]  |
| Sole Proprietorship & Expanding ventures Posted: 25 Apr 2019 07:39 PM PDT Hello All, I am a sole proprietor in Ontario for a training service. I have another business venture (relatively unrelated) and want to grow that aspect of my business. Just getting started and having made $0 yet, at what point is it a good idea to register as two different companies? If I have a friend involved who wants to help me with this business, does that change anything? [link] [comments]  |
| Questions before filing my LLC Posted: 25 Apr 2019 07:37 PM PDT I've got some questions before filing my LLC. My business is an online advertising company and I am the sole owner. Please bear with me, I am new a this. I am wondering: -Are there any state/federal permits I should know about? I've found none for this business type but thought i'd ask. -After filing, how easily can I change the address that receives paperwork on behalf of the company? My living residence changes frequently. -What paperwork can I expect after filing and within the first year? And are quarterly taxes required the first year and is payment made in estimates? -What is ALL the maintenance an LLC requires? (Is it just the annual renewal and quarterly tax return?) -Lastly, I will be employing multiple independent contractors as part of my business. The forms related to IC I know of are: Submit a Report of Independent Contractor(s) (DE 542) , the 1099-Misc, and W9. Are there any others? Any other advice before filing is highly appreciated. Thanks [link] [comments]  |
| Free Tax Software for LLC (Filing 1099s for Independent Contractor) Posted: 25 Apr 2019 07:26 PM PDT What are the best free options for tax software for preparing and sending out 1099s to my independent contractors? [link] [comments]  |
| How much do commerical realtors charge in Ontario? Posted: 25 Apr 2019 07:05 PM PDT Hi, I am looking to find out how much do realtors charge? I know dor residential in Ontario, realtors take one months rent, but I dont know for commercial. Please let me know. I am hearing different things like they take take a certain percentage or they take a months rent for every year it is rented. Please advice. TiA! [link] [comments]  |
| [Question] How does Merch by Amazon work? Can I make any clothing? Posted: 25 Apr 2019 06:59 PM PDT |
| How to make restaurant recession + new competitor "proof"? Posted: 25 Apr 2019 10:40 PM PDT Should the menu be hard to beat to fend off new restaurants? Margins should be high? Price should be well set? Essentially should majority of new restaurants go bankrupt if they join the local scene(like most businesses do)? How to avoid your restaurant sales to be cut. [link] [comments]  |
| Creating Product Labels out of Dear Inventory Posted: 25 Apr 2019 04:29 PM PDT Hi. We have a distribution/manufacturing style business that packages several (2000 SKU's) into retail type packaging for our distributors and dealers. We use Dear Inventory for our inventory management. We have to print off a sticker for each product that get packaged. This has our logo, the part number, description, in some cases the cutomer part number, and a bar code that has the part number and description encoded in it. Currently, we print a page at a time with Xcel onto label stock. This is ten labels. We file the extras and use them as needed. I'd like to print the exact labels for the parts on the pick list as it is generated. Dear seems to be able to print one for each different part, but not several when there are more than one of the same part number. Anyone know a solution or a third party program that can handle this task? Thanks in advance. [link] [comments]  |
| Why You Should Use An Expiry Reminder App Posted: 25 Apr 2019 10:00 PM PDT We believe dates are stored in a tiny, isolated space in our brain. So when you have to remember a lot of them, your brain automatically discards less important dates and remembers more relevant ones. And the result is, you tend to miss important dates like your trade license expiry or visa renewal due date. [link] [comments]  |
| Tax Responsibilities of a Small Business Posted: 25 Apr 2019 08:32 PM PDT Hello, r/smallbusiness First of all I would like to thank the contributing users of this subreddit. Much useful information has given to me here. About 2 months ago I had a business idea I thought would be great to try. So I started doing my research and found it was more complicated than I thought. Especially taxes. Once I started reading about estimated taxes, self-employed tax I was pretty confused. But after reading and research I compilied what I believe constitutes all the tax responsibilities of a small business. I'm posting this so that hopefully experienced small business owners can correct me if I'm wrong. I have a single-member LLC, taxed as a Sole Proprietorship. No employees, very simple, work out of my home. So I believe I have to pay:
I plan on utilizing QuickBooks Self-Employed (the TurboTax bundle) to help me with taxes. I know many say in this subreddit to hire someone, but my business is very simple. Should I still just hire someone? Is QuickBooks SE any good? Thanks in advance, sorry for the long post but I did not want to leave any details out. Thanks, Kurt [link] [comments]  |
| S-corp business address for car registration taxes Posted: 25 Apr 2019 08:28 PM PDT I live in a 10% sales tax county, but my S-corp is registered to my CPA's address. My car is ~80% business use, so my CPA made me register my car at the business address, partially because that address is in a 9% sales tax area. Which reduces my tax on my car lease. I just read that California allows for PO boxes as a business address. Is there any reason I couldn't get a PO box in a *very* low sale tax county nearby (there's a few), register my business to that address, and have my car registered to that address? [link] [comments]  |
| How do you stay motivated, actually? Posted: 25 Apr 2019 07:56 PM PDT |
| Posted: 25 Apr 2019 01:41 PM PDT I was wondering if anyone knew how designer brands started off. Did they have their own little store and grew it from doing a bunch of runways? Did the get lucky and have connections with celebs? How did they get from start to finish? Thanks. [link] [comments]  |
| Posted: 25 Apr 2019 09:19 AM PDT I'm a heavy duty mechanic by trade and the job is pretty hard on the body so I'm looking at different things. Iv always wanted to be my own boss but I don't wanna run a mechanic shop. We get an old guy that comes through my current job and he does ultra sonic and magnetic testing on our equipment. I haven't had a chance to talk to him yet but I will. Just wondering if anyone else has done something similar and the ups and downs of the business? I know I will need to get certified to do the job and there's obviously supplies. I will try to find some answers on google to but thought I'd ask here too. [link] [comments]  |
| Part-time salesperson - Will this model work? Posted: 25 Apr 2019 09:29 AM PDT I want to hire part-time salespeople in a few cities around the US. Their job is to get my product into stores. This isn't a big commitment, I'm thinking maybe 3-5 hours a week. Here's the catch: Each salesperson is like a "partner" in their respective city. Meaning for every product they place in a store (including re-orders) they get 35% of the profit from each sale (the upside is quite good if they do sell). Salespeople will tailor their own personal sales pitch, get around in their own car, use their own computer/equipment. All I'll do is give them some general guidelines about the product, send them samples and supplies for promotional events, and collect order reports from them. Now I'm not here on reddit asking if these should be W-2 or 1099 workers, I'll ask a lawyer about that. If I need to hire a payroll provider and pay payroll taxes I will. But, in general, has anyone tried this model before? Does it work? [link] [comments]  |
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