7
votes
Can I claim payments to me personally as income for my single-member LLC?
Even as a single member LLC you must keep finances separate. You must have a bank account for the LLC which is not your personal bank account. Then you can pay yourself (or take dividends) from the ...
- 17.4k
6
votes
Accepted
Income tax when working as freelancer through Upwork (UK)
good idea to start a bit of freelancing on the side! There are some rules but they are easy and shouldn't scare you off.
I'm in the UK too:
the income is taxable in the same way as your normal ...
- 611
5
votes
Registered as a Ltd company but not traded yet; government threatening me for not filing taxes
I don't know the specifics of the UK, but at a high level I suspect it is similar to the US. Once you have formally registered your business entity, the government expects periodic reporting from you ...
- 592
5
votes
Accepted
Can I anonymously use my public LLC?
If you want to create an air-gap between yourself and the company that you're consulting for (so that people who have access to the company records for your freelancing LLC and your own personal ...
- 893
4
votes
Hiring a non-USA freelancer through Upwork
No - You do not need to fill out a W8 because it is for the Freelancer who will be getting payment (directly in his/her account) via Upwork. Because he/she will be earning there, it's his/her source ...
4
votes
Accepted
If using Gumroad, is there still a need to become self employed in the EU?
Yes to the question title, no to the question in the text. Gumroad simply deals with the EU VAT paperwork for you, nothing else. Registering as self-employed, filing taxes with HMRC etc. is all a ...
- 284
4
votes
Accepted
EU resident working as a contractor in the US
I'm not a tax professional, which is who I think you really need to speak to.
I do believe any form of US business (LLC, S-Corp, Sole Proprietorship, etc.) is going to require you pay US taxes. You ...
- 17.4k
3
votes
Accepted
Invoicing Dutch clients from my Tennessee LLC
I've contacted a TN accounting firm, here's what they said:
"You can put 0% tax rate on your invoice if you like, but the main thing is that the invoice should clearly show that it is an out-of-...
- 131
3
votes
Is there Bank account good for freelancers?
Not sure if I understood you correctly, but I've heard good things about the the Estonian e-residency in regards to e-businesses and banks.
- 131
3
votes
Non-US citizen freelancing in the US remotely
https://www.linkedin.com/pulse/us-companies-can-legally-hire-foreigners-living-other-rich-mba/
"Non Residents"
“As a general rule, wages earned by nonresident aliens for services performed outside ...
- 31
3
votes
Accepted
Should I expect a 1099
Whether or not a company issues a 1099 is their choice. If they do not wish to comply with that requirement, that is their business. In 2011 the IRS made filing 1099s more easily tracked. They added a ...
- 17.4k
3
votes
Accepted
Can I invoice an international customer without being a registered VAT company?
They can ask, but if you do not have one then you do not have one. It is not mandatory for a company to be VAT registered if you are a small company. I think the limit is about 80k a year before you ...
- 1,750
3
votes
Non- Vat Invoice? How to invoice?
That gov.uk link is a very good one. There are some non-government sites which also give advice on running a small business and others which have templates for invoices. This Google Doc lists all the ...
- 151
3
votes
Accepted
How to estimate as self-employed for gov't contract?
Taxes are a percentage of your income and that percentage varies based upon the amount of your income. There's no way anyone can tell you what you may owe without specific figures regarding your ...
- 17.4k
3
votes
Intra-EU freelancer / contractor invoicing rules (taxes)
I used to do the same thing (Part-time employed in country A, as well as self-employed invoicing other clients in country B in a different currency), so I'll tell you what I did.
Create a self-...
- 181
3
votes
Put rent costs as expense when working from home in UK
There are all sorts of considerations that you need to factor in...
I'd suggest that, as you are renting a room, you'd have difficulty in meeting the "wholly and exclusively" test for part of it...
...
- 1,906
3
votes
If am living in the UK (and a UK citizen) and working for a company in Germany, what taxes do I need to pay?
As a UK Resident, you will be liable for UK tax on all your income, whether it’s from the UK or abroad.
https://www.gov.uk/tax-foreign-income/residence
However, if you are working as an employee for a ...
- 1,906
2
votes
Client in Spain is not paying me as I am not VAT registered in UK
It may be a bit late, but I've just found a piece of info about this. The info is from the APTIC: "Association of Professional Translators and Interpreters of Catalonia".
Here is their FAQ ...
- 141
2
votes
Freelancer working in Asia for EU/UK companies
To do it correctly, consult an international tax lawyer. (I'm not one.)
Based on the following tax treaty, you might be to do what you want without breaking any laws.
Have a look at the following ...
- 169
2
votes
Accepted
Invoicing Upwork clients for UK registered sole trader
As long as you can produce invoices for every job you are taking money in for, you should be golden. It's definitely nice to have everything in one system, right?
What I would do (I don't use ...
- 6,843
2
votes
Accepted
Paying Taxes on Work Done Via Internet
Yes. If you earn $400 or more you need to declare it as part of your income on your US taxes, whether or not you get a 1099 and regardless of the communication used.
Realize that in today's world "...
- 17.4k
2
votes
How to register as a part time freelancer
Full time freelancer living in Spain here. You must register as an "Autonomo" after you reach the top of selling professional services, more or less 2000€ for unemployed people last time I checked it.
...
- 378
2
votes
Working while traveling out of country
I guess if you plan to get paid during that time, you may have some problems if you open an account there. You should check with your bank the options. Also, if you use paypal, there are some ...
- 153
2
votes
Besides 1099's, what other tax forms will I deal with as a freelancer (in the US)?
It depends on how your freelance is configured.
For a sole proprietor taxes customarily involve:
1099s (If received, but not required)
1040 (not 1040EZ)
schedule C (deductions/expenses)
And taxes ...
- 17.4k
2
votes
Working while traveling out of country
The place where you are working from does not impact your current projects, the only problem you should have in mind is if you prospect new clients in the US, you need to warn them that you are ...
- 131
2
votes
U.S. self employment tax when working for offshore client
All income that is not from an employer is considered self employment, regardless where or who pays who, as long as it is US currency.
As a sole proprietor you'd report the income, pay income tax, ...
- 204
2
votes
Can I issue this UK client an invoice without their tax number?
You should talk to your tax adviser. If you invoice a client from another EU country, you have to submit a "recapitulative statement" (Zusammenfassende Meldung). For this statement you will need the ...
- 209
2
votes
Accepted
Transferring revenue from self employed to LTD company
is it possible to transfer revenue from my current self employed status to a new formed ltd. company?
Yes of course it is possible. You can do this either as personal investment into the company (...
- 1,750
2
votes
working from UK as a freelance for company in France
Your situation falls under the European Union VAT system. In that category most freelancing should be a B2B service, which means the customer pays VAT in their country, i.e. you invoice without VAT ...
- 141
2
votes
Accepted
Do I charge VAT for work I do for UK clients (I am US-based)?
Answering my own question, in case anyone has this issue in future.
I sent a query to the UK tax authority (HMRC) who responded as follows:
"As you are providing supplies to a UK business from ...
- 41
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