Awesome! Good for you for getting everything together so quickly. Your website looks fantastic, by the way.
So I have a question: what is the amount above which the gov't is cracking down on freelancers? I ask because I'm taking on a couple of freelance jobs in my spare time to try to knock out my credit card debt. Wondering if I should be concerned about this. I'll be paying taxes on the money I make of course, but I didn't consider incorporating/getting a business license/whatever...
My accountant said another freelance client of his got on their radar for $5,000(SF is even making sure photographic models have business licenses and permits with the health/police department.)
For most sole proprietorships, the business permit is just $25 and you don't have to incorporate. They're main concern is to make sure they're not missing out on any payroll taxes if you have any employees.
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So I have a question: what is the amount above which the gov't is cracking down on freelancers? I ask because I'm taking on a couple of freelance jobs in my spare time to try to knock out my credit card debt. Wondering if I should be concerned about this. I'll be paying taxes on the money I make of course, but I didn't consider incorporating/getting a business license/whatever...
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For most sole proprietorships, the business permit is just $25 and you don't have to incorporate. They're main concern is to make sure they're not missing out on any payroll taxes if you have any employees.
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