revenue office and give them $30 to register a business. Mine happens to be
a sole-proprietership which basically means it's just me doing some
occasional work and I have to tell them once a year what I made. Doing the
taxes is just handled as a simple form on my regular personal taxes.
Sometimes they make you report quarterly which is a little more work. Just
let them know that it's very little work and that you would prefer annual
reporting (if that is your preference.)
I would recommend checking out the LLC option. It's almost the same as a
sole-proprietorship except that you get to protect your personal life from
your business life. So if someone sues you, they wouldn't be able to take
your home.
And hey, it's cool and trendy to say "I'm a business."
-Kevin
----- Original Message -----
From: "Candace Cottrell" <[EMAIL PROTECTED]>
To: "CF-Community" <[EMAIL PROTECTED]>
Sent: Friday, October 17, 2003 10:20 AM
Subject: RE: Freelancing vs. Home based business
> dag! ok, so what would I need to do to get all this in motion? I mostly do
$200-$300 (maybe 6 a year)websites for acquaintences. I do have receipts for
all the money I've gotten from them.
>
>
> Candace K. Cottrell, Web Developer
> The Children's Medical Center
> One Children's Plaza
> Dayton, OH 45404
> 937-641-4293
> http://www.childrensdayton.org
>
>
> [EMAIL PROTECTED]
>
> >>> [EMAIL PROTECTED] 10/17/2003 10:17:13 AM >>>
> Full-fledged business comes with full-fledged tax deductions.
>
> I can deduct a percentage of my utilities, cleaning supplies, lawn care
and
> more. I can even employ my 8 year old daughter to do the cleaning and pay
> her up to $4700 a year tax free and I can deduct it.
>
> Rick
>
> _____
>
> From: Candace Cottrell [mailto:[EMAIL PROTECTED]
> Sent: Friday, October 17, 2003 8:35 AM
> To: CF-Community
>
> When does freelance work become a home-based business that you have to
> incorporate, etc? How are taxes different for freelance/odd jobs vs. a
> full-fledged business?
>
> Candace K. Cottrell, Web Developer
> The Children's Medical Center
> One Children's Plaza
> Dayton, OH 45404
> 937-641-4293
> http://www.childrensdayton.org <http://www.childrensdayton.org>
>
> [EMAIL PROTECTED]
>
> _____
>
>
>
>
>
>
>
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