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I am curious about having to claim what on my income taxes etc...?
A question I am sure many of us have... just looking for a real answer.
How does the whole tax thing work for a webdev./webmaster work>?
web based services.
It really shouldn't matter... you will still likely owe taxes on that income.
You're best bet is to schedule a meeting with a CPA ... it's usually free for the initial consultation, and they're likely to give you much more sound advice.
Paying taxes is an area that you don't want to cut corners... trust me :)
I think you are confusing sales taxes - which in most states are not collected on labor - with income taxes - which are collected on just about any income (I know there are exceptions, but professional services are not one of them).
i have some query to ask and discuss about taxes/duties matter. i am in London UK and got watches supplier in Thailand. i have just started my business online at auction sites. any body has idea when does taxes apply on items? does VAT + duty apllies on quantity or price value?
For example- i have bought 10 designer watchs @ total 180£, should i expect duties and VAT on it, the quantities are 10 and total price value is 180£. ( approx 305$ US).
I hope, you will focus on my query.
I think you are confusing sales taxes - which in most states are not collected on labor
Make sure you double check this issue with your state's sales tax dept. Not all states treat this issue the same. I am in OH and here a web site created for the first time is considered a "tangible" product and hence subject to sales tax. However maintenance of an existing site is considered services and not subject to sales taxes.