|
About our Guest Expert Peter C. Soh of AdviseInc.comPeter C. Soh -- a savvy certified public accountant -- is owner of AdviseInc.com, a company dedicated to serving the daily developmental requirements of startups. His company offers a buffet of business services, including business plan assistance, financial strategies, accounting reviews, and stock option planning. In addition, Peter forks over tax-planning solutions that'll keep Uncle Sam from taking the lion share of a startup's profits. A consultant for more than 9 years (including a five-year stint at Ernst & Young Entrepreneurial Services Group), Peter now enjoys being his own boss. He also wears a small business advisor hat for the U.S. Small Business Administration and teaches "How to Start Your Business" seminars for them. At EC2@USC, a business incubator of the University of Southern California, Peter uses his consultative skills to help others succeed. When he's not enjoying the thrills and spills of assisting business startups, Peters enjoys the same rush while rock climbing or snowboarding. When things slow down, Peter tries his hand at writing fictional stories and doing his best to emulate his role model, Tiger Woods, on the golf course. If you'd like to learn more about Peter's consultative services and read some of his free-for-the-taking biz articles, just go to his website. Peter's Answers What can I write off on my taxes? I'm borrowing a chunk of money from a family member to buy a business.... Since my background is in accounting and finance, I'd like to broaden my horizons and become an individual financial analyst... How did you get your first client? What aspect is your specialty? How did you market to your target audience? I read somewhere that there were recent changes to the Office-in-the-Home Deduction. Can anybody explain what those changes were exactly? Is this a good tax-write off for my home-based business? How does it work? Thanks! If my business is non-U.S.-based, and I have worked with independent contractors that are in the U.S., do I have to fill out a 1099 for them? Likewise, if I'm U.S.-based, should I assume I do not have to send a 1099 for someone who is non-U.S.-based? I'm just starting up a bookkeeping service at home. A few clients who are new to the business would purchase supplies etc. using their personal credit card and pay for this personally NOT thru the business. Am I correct in entering the debits to expenses and the credits to Owner Loan? I've been looking at Idealab or Ideafactory as far as support, that will make ideas happen fluidly. My question is, anybody had any experiences with either?
Small Business Tax Center • Idea Cafe Home • Sign Up • Biz Grant Center • CyberSchmooz •Coffee Talk with Experts • People in Biz Profiles • Starting Your Biz • Biz Planning • Running Your Biz • FREE Trade Publications • Marketing • Financing Your Biz • Human Resources • Legal & Biz Forms • Managing Your Biz • eCommerce • You and Your Biz • Gen X • Work@Home • The Fridge • De-Stress • Send an Award • Send an eGreeting • Yoga @ Your Desk • Web Guide • Idea Cafe in the News • About Idea Cafe • Advertise on Idea Cafe • Contact Us • Privacy Policy • Site Map • Small Biz News
Copyright 1995-2024, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.
DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages. TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business, CyberSchmooz, and BizCafe.
|
Have a biz question of your own? Go post it in CyberSchmooz Meet the other Experts For more biz answers go to Coffee Talk Answers. |