Welcome to the WholesaleForum.com! Sign in or Register Free to benefit from our full range of free services

Welcome to Wholesale Forum.comWelcome ToWholesale Forum.comFind wholesale buyerstrade buyers and wholesale offers free

For Buyers

Wholesale Forum is the fastest growing online business community dedicated to retailers, auction sellers, surplus and overstock buyers needing a quick and safe solution for sourcing trade stock. Join our free and friendly forums today and gain knowledge, offer your advice, and discover new partnership opportunities:

For Suppliers

For wholesalers, dropshippers, manufacturers, distributors and trade services providers. Advertise your business today on WholesaleForum.com for free to reach potential trade buyers on a more personal level. Promote your latest offers, interact with buyers in real time, distinguish yourself as an expert in your field, and attract sales instantly.

Sign up now More benefits for Buyers
Sign up now More benefits for Suppliers
    1. EyeBuy is offline

      Join Date
      Apr 2010
      Location
      United States
      United States
      Posts
      88
      Thanks
      0
      Thanked
      5 Times in 5 Posts
      #1

      Must you Register Self Employement?

      When beginning just the basics, do you have to register with the internal revenue peeps perhaps to say that you are still working, but self employed? Or can you deal with it all come tax bill time?
      Over 150,000 Verified Sources + Deals 95% Off MSRP + Free Website!

    2. WholesaleForum's Avatar
      WholesaleForum is offline

      Join Date
      Sep 2009
      Location
      United States
      United States
      Posts
      2,924
      Thanks
      83
      Thanked
      777 Times in 307 Posts
      #2
      Lots of information at the following three links. You should register immediately (within the quarter when you start):

      Quote: Estimated taxes apply even if you also have a full-time or part-time job and your employer withholds taxes from your wages. Estimated tax is the method used to pay tax on income that is not subject to withholding. If you donít make quarterly payments you can be penalized for underpayment at the end of the tax year.

      Estimated Taxes

      Self-Employed Individuals Tax Center

      Small Business and Self-Employed Tax Center
      Want To Be An eBay Powerseller?
      This is the Service You Need.

    3. EyeBuy is offline

      Join Date
      Apr 2010
      Location
      United States
      United States
      Posts
      88
      Thanks
      0
      Thanked
      5 Times in 5 Posts
      #3
      Thank you for the links. I still have not done anything for profit, only being an aid to friends and family in their personal imports. Though I hope to actually turn it into a business I haven't yet, and hence still have a lot to learn!

    4. WholesaleForum's Avatar
      WholesaleForum is offline

      Join Date
      Sep 2009
      Location
      United States
      United States
      Posts
      2,924
      Thanks
      83
      Thanked
      777 Times in 307 Posts
      #4
      If you are not making any profit but have deductable expenses during your business evaluation period, then it's worth registering.

Sign Up Now

Got something to say? Sign up now and join the discussions.

Similar Threads

  1. Do I Need to Register for VAT?
    By Lewis 23 in forum Safe Trading Advice & Due Diligence Discussion
    Replies: 9
    Last Post: 08 Nov 2010, 02:35 AM
  2. Do I have to register as a company?
    By Andy baldwin in forum Starting & Growing Your Business Discussion
    Replies: 3
    Last Post: 31 Dec 2010, 10:54 AM
  3. Do I need to register as a company?
    By andrew1985 in forum eBay, Amazon & Online Marketplaces Discussion
    Replies: 1
    Last Post: 05 Mar 2011, 09:55 AM
  4. Necessary to register for VAT?
    By cosmicjazzer in forum Accounting & Tax Discussion
    Replies: 4
    Last Post: 12 Sep 2012, 06:02 AM
  5. How To Register a Trademark For My Product?
    By RunningMan65 in forum Legal, Contracts, Insurance & Trade Terms Discussion
    Replies: 23
    Last Post: 22 Jul 2010, 03:27 AM
  6. How to Register / Incorporate a Business in the US?
    By Redandwhite in forum Starting & Growing Your Business Discussion
    Replies: 36
    Last Post: 18 Aug 2010, 05:14 AM
  7. Register and protect the trademark outside the U.S.
    By Pierre79 in forum Legal, Contracts, Insurance & Trade Terms Discussion
    Replies: 3
    Last Post: 11 Dec 2010, 08:04 AM
  8. What kind of company should I register?
    By Aquarius in forum Legal, Contracts, Insurance & Trade Terms Discussion
    Replies: 0
    Last Post: 09 Jan 2011, 12:44 PM

My Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
All times are GMT -4. The time now is 01:22 PM. - Fixed Width