Your Questions About Business Online Payroll
Laura asks…
Does working online qualify as work on payroll?
Can someone on a non-working visa work as a freelancer?
Jere answers:
If they dont have their own REGISTERED business, it would be illegal. They must do the work from the home COUNTRY.. Not just their home..
If you are trying to prevent ICE from busting you.. This scheme would NOT be advised…
David asks…
When does a small new business make estimated payment?
Say a friend just started an online auto parts business in Oct. His estimated monthly income is around $ 600. Does he have to make an estimate payment next January? or he make an payment until his accumulated income reaches certain amount?
To IRS! for existing business is 90% of the current year tax liability, and 100% of the prior year tax liability. How about brand new small business with little revenue?
Jere answers:
I agree with A Tax Lady, your friend won’t owe enough this year to require estimated payments. For next year, he can make estimated payments or, if he has another job, he could increase his payroll withholding to compensate instead. I’ve attached a link about planning for you small business taxes. It’s a good starting point until he’s got a good feel for what he’s really going to be owing.
Donald asks…
What FREE business opportunities are vehicles to build residual income best?
Please include links to TRUE FREE opportunities only.
Nothing required to puchase or sell ever.!
I am not looking for a single horse. I am looking for the components to create a financially viable solution.
Jere answers:
Companies outsource work these days… check with local businesses. Offer services and keep accounting and payroll records for them on your home computer. Write promotional materials. Learn how to design websites for them.
Also a good Free online book on starting a business, “Go it Alone!” Find it at New Free Books
Michael asks…
Can someone suggest the best online bookkeeping system for my new business?
It will consist of myself as the accounts manager, 3-5 employees, who will be employed at block masons. I need the best system to compute taxes, paychecks and whatever else might come up. I will need to track supplies, etc. as well. I don’t know where to start and am not experienced as an accountant. Thank you for any help.
i need something that will compute taxes, payroll, time cards, etc. i know nothing about accounting. What does quick books do for me? Does it automatically compute these things after I enter the correct data? thank you.
Jere answers:
I would look into QuickBooks, it is a great software for self employed people with the capability to do payroll and all other accounting procedures.
Jenny asks…
Does anyone have any success with online jobs?? If so, where? Thank you :)?
I’m 18 years old and I work at a drycleaners part time and go to college. I don’t have much time to work, and I need money to help pay for my apartment. Does anyone have any legit online jobs that pay well?? Thank you so much!
Jere answers:
In home based businesses, depending on which one you get involved in, it usually takes about 2 to 4 weeks to start making an average income. (about the same time frame as your first payroll period) Then as you keep working your business, 4 to 6 weeks to increase that income, and 3 to 6 months to be self sufficient. That is only if you put the time and effort into it. If you just say “I started a business” and don’t put any time or the effort needed in your business, then you won’t make an income.
Most people have full time jobs and run their business on the side. When their business reaches the income level they desire, they put their normal jobs down and continue with their business growing. Other’s dive into it head first and tackle it and get it going faster. Either way, you have the same opportunity to make a sufficient amount of income.
I don’t know what you enjoy doing, hobbies, interests etc, so I’m not sure which home based business to refer you over to.
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