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Paying Tax? |
When do i have to start paying tax? when i sign over more than $3000? so if i'm below i don't need to pay tax?
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Paying Tax? |
I am 17 years old and have been working since i was 16. i have been paying tax (Well it gets took out of my account) for the years year or so, one of my friend where saying i should not be paying as im under 18 or i should get it all back when i am 18? Is this true, i stay in Glasgow BTW
| Answer: Abject, under 18s are not exempt from tax, that is a myth. Even a new-born baby would be liable if its income level was over the at one's fingertips tax-free allowance. It is true not many under 18s pay tax, but that is because their incomes are less than the tax-free personal allowance, currently £5435, |
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Paying TAX!!!!!!!!!!!!!!!!!!!!!!!!!!? |
ok, ive justified left school and want to start my web development business, but i dont understand how to go about paying tax, i havent started yet so im not breaking the law, but i want to find the ins and outs before i start, so my questions are.
Whom do i with to start paying tax?
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Paying Tax? |
objective a question, i'm 19 so i'm not really familiar with taxes...if you are accepting payments from people on an memorandum thats electronic delivery, for example like webdesign layouts etc...if you are not charging people taxes on it, it's perfectly 1 set price, do i have to pay taxes on it?
| Answer: If you are collecting boodle from anyone for labor or goods, including webdesigns, you owe income tax on the amount you collect. At years end, you may meet 1099 forms from some of the people you have sold to, and copies of that information is also reported to the I.R.S. You can out expenses you have |
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