If we are acting as independent contractors for each client, do we only have to report the tax if we make over 600 from that client, or do we have to report every penny we make?
Also is there a helpful site any of you know that will help with business structure to help with taxes? For example: The advantages or disadvantages of being a sole proprietor, llc, or inc.
Another question, do you pay yourself a check, as a business expense?
Any tax advice from you veterans would be of great help.
Thanks in advance for the replies.