Do self-employed fill out Schedule C?

Do self-employed fill out Schedule C? Independent contractors report their income on Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship). Also file Schedule SE (Form 1040), Self-Employment Tax if net earnings from self-employment are $400 or more. Can I pay myself on Schedule C? In other words, after you’ve deducted business expenses […]

Do you charge sales tax on digital downloads?

Do you charge sales tax on digital downloads? California – Digital products are tax exempt in California. The “sale of electronic data products such as software, data, digital books (eBooks), mobile applications and digital images is generally not taxable” (though if you provide some sort of physical copy or physical storage medium then the sale […]

What is excluded from Texas sales tax?

What is excluded from Texas sales tax? Common Texas sales tax exemptions include those for necessities of life, including most food and health-related items. In addition, goods for resale, such as wholesale items, are exempt from sales tax, as well as newspapers, containers, previously taxed items, and certain goods used for manufacturing. What are taxable […]

How do I hire a sales contractor?

How do I hire a sales contractor? There are a few considerations companies should make before taking the plunge and hiring independent contractors….Free Webinar Independent contractors are not employees. Be clear about deliverables. Be clear about commission. It won’t always be easy to hire salespeople as contractors. Turnover may still be high. How much does […]

How do I know if the IRS received my paper taxes?

How do I know if the IRS received my paper taxes? Find out if Your Tax Return Was Submitted Using the IRS Where’s My Refund tool. Viewing your IRS account information. Calling the IRS at 1-800-829-1040 (Wait times to speak to a representative may be long.) Looking for emails or status updates from your e-filing […]

What is an example of a co-op business?

What is an example of a co-op business? Those types of cooperatives include producer/marketing, retail supply, utilities, cable television, agricultural services, fish marketing, child care, farmers’ markets and community service. What are the 5 types of cooperative? Types of Cooperatives Producer Cooperatives. Worker Cooperatives. Consumer Cooperatives. Retail or Purchasing Cooperatives. Social Cooperatives. What is the […]