Posts
0
Questions
2
My question is do u taxes off and how does the payment work here once a month every other or every week?
I think you will get a 1099 at the end of the year and file your taxes with that. That is if you make over a certain amount of money. $800.00 or less you do not have to file.
The payment is made through PayPal once a month for commissions earned. You will need to keep a record of your earnings for tax purposes. You might also like to check with the local tax office requirements needed. I filed mine affiliate earnings last year with a W-9 form.
See more comments
Tax time how does this work out when i get payed?
My question is do u taxes off and how does the payment work here once a month every other or every week?
If you run you business as an individual then they will send you a 1099 at the end of the year. If you start making fairly good money you may want to get a good tax accountant. He may advise you to become a sub chapter S corp, or a limited liability corp (LLC). In any case you will get paid through PayPal where you can send your money to the bank of your choice. Any money you receive will be taxable, so make absolutely certain you send your money to the IRS as you earn it. Usually they want you to send in your money quarterly ( 4 time a year ) You get some breaks in your taxes depending whether you are a Sub Chapter S, or a limited Liability Corp. That is why you should get a good trustworthy tax accountant. If you send 25% of your earnings you may be safe, that is until you start making really good money, then depending on how much you make, which determines your income tax bracket, the more you make the higher the % of income you have to pay. That is when it is critical you get a good tax account to advise you. It all sounds complicated and it can be, just remember to make certain to send something to the IRS, because once they sniff you out and you owe money you could be in income tax hell. I had a business partner once who got our accounting firm to ok deductions that didn't exist any longer and it took me 10 years of dealing with the IRS to get out of IRS hell. I was making my agreed upon payments to them, got a fairly substantial contract deposited my check in the bank, they seized my money and caused 25 of my checks to bounce. So, pay your taxes.
thank you so much that really helps I kinda figured something like that but wasn't sure about how it worked.
cheers Jessica
Your welcome,
I was in business for over 20 yrs involved in either Partnerships, or as a Sole Proprietor. The last 11 yrs I worked as an employee of a large international federal contractor, so I am certain some things have changed since then. But I think what I told you is pretty standard.
I think you will get a 1099 at the end of the year and file your taxes with that. That is if you make over a certain amount of money. $800.00 or less you do not have to file.
The payment is made through PayPal once a month for commissions earned. You will need to keep a record of your earnings for tax purposes. You might also like to check with the local tax office requirements needed. I filed mine affiliate earnings last year with a W-9 form.
See more comments
with my job that I have now is this gonna interfear with my website? I work steady afternoons and work Monday to Thursday 3-12 or sometimes 1or 2 am. I am the back up superv
I'm sure you will work out a weekly plan to ensure you keep learning and building and depending on your WHY, you will stay motivated to achieve all your goals
Rock the Online World!!!
Vicki
With Wealthy Affiliate, you can work as many hours as you like a different set time you choose. I work full time as truck driver across the country, and work with my online businesses all sorts of hours during downtime. You can learn lots from your training and through other members to help benefit you and your business.
that's really awesome that would the best time to sit back ejoy the ride and come up with great ideas.
hey hi Jessica & welcome to Wealthy Affiliate Premium!
Good question and all questions are good ones here ....
The amazing part of this platform is you can work at your own pace step by step ... technically, you are your own boss as to your own commitment, and time allotment as you wish ...
All the very best to you for every Success, cheerio ... :)
See more comments
Work related with my real job?
with my job that I have now is this gonna interfear with my website? I work steady afternoons and work Monday to Thursday 3-12 or sometimes 1or 2 am. I am the back up superv
I'm sure you will work out a weekly plan to ensure you keep learning and building and depending on your WHY, you will stay motivated to achieve all your goals
Rock the Online World!!!
Vicki
With Wealthy Affiliate, you can work as many hours as you like a different set time you choose. I work full time as truck driver across the country, and work with my online businesses all sorts of hours during downtime. You can learn lots from your training and through other members to help benefit you and your business.
that's really awesome that would the best time to sit back ejoy the ride and come up with great ideas.
hey hi Jessica & welcome to Wealthy Affiliate Premium!
Good question and all questions are good ones here ....
The amazing part of this platform is you can work at your own pace step by step ... technically, you are your own boss as to your own commitment, and time allotment as you wish ...
All the very best to you for every Success, cheerio ... :)
See more comments
If you run you business as an individual then they will send you a 1099 at the end of the year. If you start making fairly good money you may want to get a good tax accountant. He may advise you to become a sub chapter S corp, or a limited liability corp (LLC). In any case you will get paid through PayPal where you can send your money to the bank of your choice. Any money you receive will be taxable, so make absolutely certain you send your money to the IRS as you earn it. Usually they want you to send in your money quarterly ( 4 time a year ) You get some breaks in your taxes depending whether you are a Sub Chapter S, or a limited Liability Corp. That is why you should get a good trustworthy tax accountant. If you send 25% of your earnings you may be safe, that is until you start making really good money, then depending on how much you make, which determines your income tax bracket, the more you make the higher the % of income you have to pay. That is when it is critical you get a good tax account to advise you. It all sounds complicated and it can be, just remember to make certain to send something to the IRS, because once they sniff you out and you owe money you could be in income tax hell. I had a business partner once who got our accounting firm to ok deductions that didn't exist any longer and it took me 10 years of dealing with the IRS to get out of IRS hell. I was making my agreed upon payments to them, got a fairly substantial contract deposited my check in the bank, they seized my money and caused 25 of my checks to bounce. So, pay your taxes.
thank you so much that really helps I kinda figured something like that but wasn't sure about how it worked.
cheers Jessica
Your welcome,
I was in business for over 20 yrs involved in either Partnerships, or as a Sole Proprietor. The last 11 yrs I worked as an employee of a large international federal contractor, so I am certain some things have changed since then. But I think what I told you is pretty standard.