Figuring profit for Avon?
I'm working on taxes and trying to figure my Avon profit, I inevitability to find the number that goes into the gross reciept or sale on the schedule c, but i'm not sure the right path to figure the sale, there are a few differnt ways i see to numeral it but none the same and i obligation the correct way? help out would be greatly appreciated . thanks within advance MaryAnswers: Mary,
Your gross receipts/sales is the amount you received from your customers. I don't infer this amount is on the year end statement you should of received from AVON, but they could own started putting the sales on the statement. If it is not on the statement afterwards add your receipts you give to your customers throughout the year.
Your customer returns, refunds, promotional items, etc. are reported on separate lines on the Schedule "C", so don't take off those from your gross sales amount.
There's really only one road to figure it for a change basis taxpayer, which you are. How much money did you collect from sale of merchandise? That's it.
Possibly fiddling the Revenue?
My boss pays his wife a salary but she have not, does not and never will work for this company. Is this totally illegal and if it is what would the revenue do around it if they were informed? He say he cannot afford to give me a rise .Answers: is he a director?/ is she a director or a partner?? or a silent parner? or an investor?? or a share holder?
achieve all the facts previously trying to set somebody up, i hope your totally clean because the inland revenue will check out adjectives your finances if you report them.
make sure you hold all the facts within place.
He can pay her anything he requirements. For it to count as salary (and so be a business expense) she requirements to show she's done something for the benefit of the business - but not necessarily very much.
What he pays you comes down to what you both agree to. The most he wishes to pay you is what he could gain someone else to do the job for. The tiniest he needs to wage you is enough to stop you going to work for someone else. If you suggest you could earn more money elsewhere, there's nothing stopping you.
Possibly yes..but afterwards ive worked for loads of companies where the bosses wife take home a pay cheque but never in fact does any work for the company!
I think its a moment ago something some small companies do
Hes quite entitled to do this, the company is apparently Limited and i would suspect that she is either a director or a company secretary. Its rather legal and is purely another way for your boss to cart money from his company without him have to pay levy on it. Sorry if thats not what you wanted to hear
Illinois state charge form- free?
hi, i have a website to report for free for the federal taxes, but i need the site for state as resourcefully for free, where can i find that?? the federal onei use is IRS.GOV and i turn thru turbo tax i obligation a free one for state because im not paying them 10 bucksAnswers: IL-1040 web database is available for Illinois residents and is a quick and assured way to directory your IL-1040, Illinois Individual Income Tax Return.
https://www.revenue.state.il.us/app/ifil...