Hello, I am starting work again on a logo for a friend's computer company. I was just thinking, that since this is a paid job, maybe I had to report taxes on it? Or do I have to have a business license to be doing this? Are there any problems with this single job? Any help? I don't really know what I'm asking, I guess just how to go about making the single job legit.
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- Jan 2008
- Mar 2008
I think you have to make over a certain amount of money in a year to have to report it, can't remember the exact number, but it's in the thousands at least i believe
I member when...
- Nov 2006
Speaking of freelancing, I was doing a bit last week before I got this job, truth be told I never actually did any work before hearing about this position, but I then received a cheque for £600!
- Jul 2003
It's not just what you bring in on the job, it's what you bring in for profit on the job. You need more advice than I can give you on how to set up a proper business accounting to include income, expenses and overhead.
And the reportable personal income is more like in the hundreds of dollars, not thousands. Last I heard, I think it was somewhere around $600, but I'm not an accountant.
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