i want to declare everything to the finances, been talking with my bank director and for those amounts of money i have to explain from where it comes. how do you guys declare your online bussiness money or you simply dont?
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Good question, I don't have the answer so... BUMP
ICQ: 410-622-806 -
Over here in the UK you can go down to your local tax office with all your paperwork and they will actually sit down with you and work out how much tax you owe them, but that is a very bad Idea when you can get a good accountant to con the tax man, but then you have to pay the accountant shit loads of money so either way you loose out, so fuck it, just dont pay it and go to jail and get everything for free anyway
PS: please dont take this seriouslyComment
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I would talk to an accountant instead of the bank director
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You take up Your affiliate revenues as "income from capital"... if You're running paysite(s) You will have end-customer VAT to think about (for EU customers) as well.
Taxation rate for me here in Sweden for "capital income" is 30%, and I'm allowed to declare that as an individual (up to a certain amount per year), if I'd go that route.
Assuming You're incorporated, declare the revenues like I said... and deduct costs as much as possible off of Your gross revenue... take out a low salary...
... and keep the rest (=company profit) in the company and the effects of taxation don't have to be that bad ;)Last edited by Diligent; 02-27-2008, 05:23 PM. ~¤~ MORE MONEY ~¤~ VOD? XoD! ~¤~ 
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just skip the epass chunks...Comment
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Read TOS for signature rulesComment
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div3x: I'd imagine You do ;) - actually most of us do, since it hasn't exactly been generously set, lol. Good luck with everything
Machete Rodriguez: Umm... They just had data stolen, and now governments worldwide are eagerly buying into that data.. lol ~¤~ MORE MONEY ~¤~ VOD? XoD! ~¤~
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