 |
| Write-Off's - Click HERE for Original Thread |
| n0c7 |
| Is is possible to write off expenses from side work without having a registered business? |
|
|
| TrevorK |
quote:
Originally posted by n0c7
Is is possible to write off expenses from side work without having a registered business?
Yes - you may qualify as a "sole proprietorship" at which point you do not need a registered business number or GST number (if sales under 30K). |
|
|
| n0c7 |
| Do you know if I can combine my "additional income" from 2005 and 2006? It's only ~$1077. Not sure the best way to handle it or if its even worth claiming expenses/write-offs. |
|
|
| SilverZ24 |
| You wouldn't be able to write off more than the amount of your additional income so you are not going to come out ahead. personally for that amount of money, I wouldn't waste my time. |
|
|
| n0c7 |
| Should I adleast claim this small amount for both 2005 and 2006 as additional income? I was paid by cheque in small amounts and I don't want it to come back to me. I've heard mixed options and opinions from everyone. :) |
|
|
|
|
|
Do you want to post a reply? This is the 780tuners.com archive, to participate in daily discussions on cars, visit our forums website and register today! Its free.
< Contact Us - 780Tuners Edmonton Car Forums - Advertising Info - Archive
>
Powered by: vBulletin Version 2.3.9
Hosted by: Beyond Car Forums
Sponsored by: Replicon's Web TimeSheet - timesheet software
for time tracking
Copyright ©2000 - 2008, Jelsoft Enterprises Limited.
