u/the_lurkmeister

Taxes, small business and non profit all on one. Help!

I'm trying to start a non profit in my area. Advertising started slow, so I picked up another job doing delivery, using my vehicle. Well, of course, I haven't advertised since I started the other job, but I keep getting estimates and jobs since I started the delivery job. Terrible problem, right?! Well i posted this and couldn't get an answer. I'm gonna get an accountant when i file (I've always filed my taxes but this year will be a clusterfuck it seems). i need to know important things to stay on top of throughout the year.

On my delivery job i work off of tips. I get a higher wage while in the store. While on the road my pay drops below minimum wage, but we get a standard delivery fee for taking the deliveries, and tips. So I've got several questions, and really any guidance would be great. my end goal is to open a non profit, feed the homeless, reentry into society through work programs, transportation for the elderly/disabled and a few other things. i mean it was talked about when i started doing delivery, about management, and I'd do it 4-5 shifts/week, but i don't think they need help with management and my real drive is towards this non profit, and either way i need help with taxes. if this is the wrong sub, please let me know where to post it.

  1. Is it legal for businesses to use tips as part of wages for w2 drivers using their own vehicles? they use tips as deductions, and it comes off my gross pay. It doesn't seem right, and it wasn't the law, but ik they've changed lots of laws in the last 10 years, so maybe this has changed too. I use half the money i make for gas. i need insurance, a running vehicle etc and a fund for when it breaks down. ik it's legal for servers, strippers, bartenders, etc; it just doesn't seem right for a driver who has daily expenses that are necessary to work. can this be wrote off? really, i was gonna change my taxes at that job to take more tax anyways to offset the income from the other job at the end of the year.

  2. What are important things I need to do this year to prep for taxes? I've bounced this off of people and AI and get lots of different answers that I didn't think of, like different write offs (I'm still not sure of everything i can write off). IK sole propriotors pay 33% tax, but i currently don't have employees and I'm not making enough to create an LLC, although i may should do it for liability reasons. Any advice with SP vs LLC would be great.

  3. I'm doing work, during the day, seperare from the delivery job, as a sole propriotor. IK I'm gonna get taxed heavy on it because I'm not paying taxes on that income now. I'm doing it to create a non profit (I've done the 1099 thing for the last 5 years. I'm still not great with the tax laws on it, but I've done it for work and with running online businesses, but never a non profit) so any help would be greatly appreciated. like i mentioned above, lists of important things i need to remember. Maybe monthly, quarterly, and yearly goals, important things to remember and general knowledge would be awesome!

LMK if more info is needed!

reddit.com
u/the_lurkmeister — 6 days ago

[US] Tax questions, advice, any help

So I started advertising and doing lawn care, powerwashing, and other stuff to make money to start a non profit. I've ran small businesses before, only a few that were in person, more ecommerce honestly. I just found this sub and was trying to find any help or input on things I need to keep in mind as a sole propriotor while doing this type of work. I want to become an LLC, but I'm not making enough, nor do i have employees, but I've still considered it. Would an LLC be the way to go? I started working about 30 hours/wk doing delivery because advertising was going slow, but thats another story.

I've bounced this off of AI and other people, but I'm trying to get as much advice as possible to get more organized. Im ADD as crap and don't wanna go on medicine. I find myself chasing squirrels in rabbit holes daily, even after working 16 hours so I need to figure out what all to focus on. Small goals, big goals, tax stuff, really any help would be much appreciated

reddit.com
u/the_lurkmeister — 16 days ago
▲ 1 r/tax

Tax help, please help!

I'm trying to start a non profit in my area. Advertising started slow, so I picked up another job doing delivery, using my vehicle. Well, of course, I haven't advertised since I started the other job, but I keep getting estimates and jobs since I started the delivery job. Terrible problem, right?! Well i posted this and couldn't get an answer. I'm gonna get an accountant when i file (I've always filed my taxes but this year will be a clusterfuck it seems). i need to know important things to stay on top of throughout the year.

On my delivery job i work off of tips. I get a higher wage while in the store. While on the road my pay drops below minimum wage, but we get a standard delivery fee for taking the deliveries, and tips. So I've got several questions, and really any guidance would be great. my end goal is to open a non profit, feed the homeless, reentry into society through work programs, transportation for the elderly/disabled and a few other things. i mean it was talked about when i started doing delivery, about management, and I'd do it 4-5 shifts/week, but i don't think they need help with management and my real drive is towards this non profit, and either way i need help with taxes. if this is the wrong sub, please let me know where to post it.

  1. Is it legal for businesses to use tips as part of wages for w2 drivers using their own vehicles? they use tips as deductions, and it comes off my gross pay. It doesn't seem right, and it wasn't the law, but ik they've changed lots of laws in the last 10 years, so maybe this has changed too. I use half the money i make for gas. i need insurance, a running vehicle etc and a fund for when it breaks down. ik it's legal for servers, strippers, bartenders, etc; it just doesn't seem right for a driver who has daily expenses that are necessary to work. can this be wrote off? really, i was gonna change my taxes at that job to take more tax anyways to offset the income from the other job at the end of the year.

  2. What are important things I need to do this year to prep for taxes? I've bounced this off of people and AI and get lots of different answers that I didn't think of, like different write offs (I'm still not sure of everything i can write off). IK sole propriotors pay 33% tax, but i currently don't have employees and I'm not making enough to create an LLC, although i may should do it for liability reasons. Any advice with SP vs LLC would be great.

  3. I'm doing work, during the day, seperare from the delivery job, as a sole propriotor. IK I'm gonna get taxed heavy on it because I'm not paying taxes on that income now. I'm doing it to create a non profit (I've done the 1099 thing for the last 5 years. I'm still not great with the tax laws on it, but I've done it for work and with running online businesses, but never a non profit) so any help would be greatly appreciated. like i mentioned above, lists of important things i need to remember. Maybe monthly, quarterly, and yearly goals, important things to remember and general knowledge would be awesome!

LMK if more info is needed!

reddit.com
u/the_lurkmeister — 16 days ago

I was told to post this here. I learned about these today, but I couldn't find any info on long term effects, etc.

I stumbled upon an article about digital (or smart) pills. Your stomach acid dissolves them and sends a signal to make sure people are taking their medications or not abusing opiates from what i read. I'm not a pharmacist, if I'm posting in the wrong spot lmk. Just curious, I would think pills sending electronic signals from your stomach would mess your stomach up over time, but maybe I'm overthinking things. I tried a few subs and I'm just trying to get opinions from people smarter than me. How often are they prescribed and do patients complain about them?

reddit.com
u/the_lurkmeister — 17 days ago