Posts tagged: Self Employed

Feb 07 2010

Tax savings through investment in a new car for consultant business?

Savings and Investments
dance4860 asked:


I have earned money as a consultant (self-employed) as well as an employee (8 month) this year. If I buy a new car tomorrow - can I claim the car as a business investment and thus reduce my income for this year?

Benjamin
Mar 28 2008

Do you have to pay interest on a savings account for a minor if your self employed?

Savings
Don H asked:


I’m self employed and want to open a savings account for my 1 year old daughter. Money from family and friends she has received for gifts. I have to be on the account as well because she is a minor. Will I have to pay taxes on her money if my name is on the account?

Stefan

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