Nicks Girl Posted December 2, 2004 Group: Diamond Member Followers: 1 Topic Count: 30 Topics Per Day: 0.00 Content Count: 669 Content Per Day: 0.09 Reputation: 7 Days Won: 0 Joined: 10/26/2003 Status: Offline Birthday: 09/04/1986 Share Posted December 2, 2004 My husband does web design from home. he kinda does freelance work now, and is associated with his father's business, but not really an employee of his dad's company. I was curious about how we should handle all of this, report our income.. etc. I wanted to get Quicken Home & business. I have used Quicken, and like it better than Microsoft Money. I am just curious on where to go from here... any advice would be great. I've only ever worked for OTHER people. lol. TIA Link to comment Share on other sites More sharing options...
Cherub_Rocket Posted December 3, 2004 Group: Advanced Member Followers: 0 Topic Count: 15 Topics Per Day: 0.00 Content Count: 178 Content Per Day: 0.03 Reputation: 1 Days Won: 0 Joined: 11/23/2004 Status: Offline Share Posted December 3, 2004 (edited) My business never got off the ground to where I needed to keep accurate records, but Quicken seems to work well. However, generally it would be better for him to become an employ of his dad's company, if possible. This would save you the other half of the payroll tax (about 6 to 7 percent of income) in addition to other tax headaches. (Keep in mind, however, that I don't know a whole lot about the subject. My "area" is hardware, not software.) Edited December 3, 2004 by Cherub_Rocket Link to comment Share on other sites More sharing options...
ted Posted December 4, 2004 Group: Royal Member Followers: 2 Topic Count: 276 Topics Per Day: 0.04 Content Count: 7,474 Content Per Day: 0.97 Reputation: 51 Days Won: 0 Joined: 02/25/2003 Status: Offline Birthday: 01/31/1966 Share Posted December 4, 2004 I believe that you should start by sending all profits to a third party for safe keeping. One that would keep your assets in complete security and one that would ensure that all of your money is well spent. I would like to volunteer my services. PM me for the address Thanks, and you may feel good about helping yet another man stricken with Compulsive Wanting Disorder. t. Link to comment Share on other sites More sharing options...
Nicks Girl Posted December 4, 2004 Group: Diamond Member Followers: 1 Topic Count: 30 Topics Per Day: 0.00 Content Count: 669 Content Per Day: 0.09 Reputation: 7 Days Won: 0 Joined: 10/26/2003 Status: Offline Birthday: 09/04/1986 Author Share Posted December 4, 2004 Link to comment Share on other sites More sharing options...
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