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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed.

 
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Old 11-29-2006, 02:59 PM   #1
Slick
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Can CCBill Withhold Your Taxes ??

I'm pretty bad at putting money aside for taxes, so I ask the question, does CCBill withhold taxes if requested ??? I get a big portion of my income from them, so I was thinking, it'd be nice if I could get them to just take the money out, so it'd make it easier for me
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Old 11-29-2006, 03:04 PM   #2
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LOL Slick you scared the hell out of me with that title.
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Old 11-29-2006, 03:05 PM   #3
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Umm no.

You could however have your bank or someone like ING pull out a set amount every week from your bank account, then set that into a savings account.

Or if you happen to be more than just an affiliate and run a program where most of your income comes from. Send in the split forms with CCBill and have one check issued for 30% or whatever, that you then deposit into a separate account. Err maybe you would want this wired instead so you never even see it really. You then get a check or wire for the remaining 70% to spend.
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Old 11-29-2006, 11:02 PM   #4
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LOL Slick you scared the hell out of me with that title.
ROFL, ha ha ha, sorry Shap

Thanks for the great ideas After Shock Media, I might have to do that

Thanks for the comments !!!
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Old 11-30-2006, 12:19 AM   #5
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Originally Posted by Slick View Post
I'm pretty bad at putting money aside for taxes, so I ask the question, does CCBill withhold taxes if requested ??? I get a big portion of my income from them, so I was thinking, it'd be nice if I could get them to just take the money out, so it'd make it easier for me
You just had about 50 people reach for their phone and accountants phone number with that title.
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Old 11-30-2006, 12:21 AM   #6
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I can hold them for you
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Old 11-30-2006, 12:24 AM   #7
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you can make payments online to the irs, do it everytime you get a check.IF you make enough you should set up a llc or a inc.
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Old 11-30-2006, 12:33 AM   #8
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you can make payments online to the irs, do it everytime you get a check.IF you make enough you should set up a llc or a inc.
Hey, that's a great idea that I never knew I could do. I always thought that I had to hold onto the funds then make the quarterly payments. I guess if I could just pay them as often as I'd like. It'd be easy to just deposit my checks and when a wire comes in, just log on and send them a chunk

As far as making enough, I definately do make a nice chunk of money and my accountant did recommend to me the last couple of years to inc. or llc, BUT the thing with that is that I like being able to do what I want with my money without having to give myself a set salary because with my house and vehicle loans, I like to dump extra money on them to pay them off as soon as I can.

Dirty Dane, thanks for your generous offer to hold the money for me, I'll keep you in mind, ha ha ha

Psycho, ha ha ha
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Old 11-30-2006, 12:43 AM   #9
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bump, some good info in here!
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