Business Q&A: Business tax question: Do I pay taxes for work done for an overseas company?

Business Tax

business tax question by Capt Kirk: Business tax question: Do I pay taxes for work done for an overseas company?
I’m a one-person consulting company in the US. I performed consulting work for a company in Germany, all done remotely. They direct deposited to my business bank account in the US once the work was completed. Do I pay federal taxes on that income? I assume yes, but is it treated any different from if that company was in the US?

Also, how in the heck do I figure out the amount of federal tax on my income? The FICA, etc., etc.? I have the IRS booklet on it, but I can’t figure it out. Thank you!
Also, how in the heck do I figure out the amount of federal tax on my income? The FICA, etc., etc.? I have the IRS booklet on it, but I can’t figure it out.

I should clarify that I’m talking about taxes for an S-type corporation, not individual.

business tax best answer:

Answer by Nusha
Yes you pay tax on income “from whatever source derived”.
Use Sch C.

Get some help. You have a lot of deduction you can take againsst the income and reduce your self-employment taxes.

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Business Q&A: how to work well as the product marketing manager at a ERP software company?

Product Marketing

Product Marketing question by supliang: how to work well as the product marketing manager at a ERP software company?
how to work well as the product marketing manager at a ERP software company? For example,the revenue forecast is the big headache.please give me some clues,or some weblinks.thank you very much

Product Marketing best answer:

Answer by Joe D
A basic tool to help you with forecasting is previous sales. You should see periods when sales were up and when they were down. Sometimes the peaks correspond to marketing activity like a trade show or direct mail. Other times ups and downs are caused by the seasons, especially in retail. Then there are industry specific peaks, like August for Federal Government customers.

If you have no history, research your competitors. If they are a publically traded company their performance can be found in a number of resource locations.

Finally, the goal in forcasting is to be exactly on target. Sounds obvious? Be careful. To over forecast will make your boss happy untill you fall short of goal and have excess inventory. To underforecast is even worse. You won’t be able to meet customer demand.

Good luck.

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Extell Development Company anuncia ventas por $1,000 millones en ONE57

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NUEVA YORK, 19 de mayo de 2012 /PRNewswire/ — Extell Development Company anunció hoy que ONE57, nominado como el edificio residencial más alto de la ciudad de Nueva York, alcanzó el récord histórico de $ 1,000 millones en ventas y se vendió en un 50% desde su presentación hace tan solo seis meses. La torre de vidrio integrada por 90 pisos, cuya culminación se espera para julio de este año, también anunció una venta récord de penthouses.

(Foto: http://photos.prnewswire.com/prnh/20120518/NY10152)

“Nuestros compradores son visionarios que reconocen el valor del edificio y tienen la confianza suficientemente como para comprar planes de pisos a precios premium”, sostuvo Gary Barnett, presidente de Extell Development Company. “Hay compradores de lugares tan lejanos como Hong Kong hasta tan cercanos como la Quinta Avenida”.

Con más de 1.000 pies de altura sobre West 57th Street, el edificio diseñado por Christian de Portzamparc constará de 92 viviendas de condominio superlujosas por encima del hotel de cinco estrellas Park Hyatt. Concebido por un equipo integrado por talento de nivel mundial, esta obra maestra de la arquitectura ofrecerá a los residentes vistas impresionantes y despejadas del Central Park hacia el norte, del afamado horizonte de Manhattan al sur y de los ríos Hudson e East. Los interiores fueron meticulosamente diseñados por el diseñador danés que reside en Nueva York Thomas Juul-Hansen.

“Es un edificio icónico que marcó el nivel de la vida lujosa en la ciudad de Nueva York“, agregó Barnett.

La galería de ventas de ONE57 ubicada en el histórico Fuller Building en 41 East 57th Street y Madison Avenue fue diseñada para representar el espacio exquisito y los materiales de calidad con los que cuenta la torre de 90 pisos de usos múltiples, como hotel y condominio. Las viviendas comienzan en los $ 16.75 millones. La ocupación está prevista para el 2013. Para obtener más información, se puede ingresar a www.one57.com o escribir a sales@one57.com.

Acerca de Extell:

Fundada y dirigida por Gary Barnett, Extell Development Company es una desarrolladora de propiedades residenciales, comerciales, de comercio minorista, hotelería y usos múltiples reconocida en todo el país, que opera principalmente en Manhattan y en otras de las ciudades principales en todo el país. Para obtener más información, ingrese a www.extelldev.com.

Acerca de ONE57:

ONE57 se ubica en 157 W 57th Street en el centro del famoso Plaza District de Nueva York frente al Carnegie Hall. Las viviendas de ONE57 tendrán dimensiones lujosas y techos de vertiginosa altura, además de numerosos detalles personalizados y materiales de la mejor calidad. ONE57 ofrecerá la “elección Extell”, propuesta única de valor que permite a los compradores elegir entre una fina selección de opciones de terminaciones, diseño y disposición para adaptar las viviendas a los gustos individuales.

Suspendido sobre el hotel Park Hyatt de cinco pisos, los residentes de ONE57 tendrán libre acceso a las instalaciones exclusivas del Park Hyatt, así como a los servicios del hotel. Entre los servicios residenciales adicionales se incluirán un portero y conserje durante las 24 horas, espacio de proyección y de actuación, estacionamiento, piscina cubierta de triple altura y jacuzzi, biblioteca, cocina y gimnasio privado personalizados.

FUENTE Extell Development Company

FUENTE Extell Development Company

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RELATED LINKS
http://www.extelldev.com


PR Newswire: General Business

Business Q&A: What is a good entrepreneur book to learn how to start my own company? I am not looking just to educate myself?

Entrepreneur

entrepreneur question by : What is a good entrepreneur book to learn how to start my own company? I am not looking just to educate myself?
What is a good entrepreneur book to learn how to start my own company? I am not looking just to educate myself, I am currently starting a business and I need help finding out how to raise money, finding venture capitalist, getting an attorney, contracts, etc. I am looking for a in depth book. Also, the company is an entertainment company that is high liability risk.

entrepreneur best answer:

Answer by Donna Merfus
get more details ; open the second & fourth link in: www.sos-business.co.cc

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Business Q&A: Marketing Plan who is person in charge in the company to prepare it & which companies needs marketing plan?

Marketing

marketing question by war_1948: Marketing Plan who is person in charge in the company to prepare it & which companies needs marketing plan?
Who should prepare the marketing plan is it enough for one person to prepare it?
What type of companies needs marketing plan for example Investment Company needs a marketing plan?

marketing best answer:

Answer by Biz Advisor
Typically the Marketing VP or Manager or Director (senior marketer) is responsible for the marketing plan, although she/he also has input from other departments such as sales, operations, finance, product development. In a small business, one person can be responsible for developing the marketing plan.

All businesses need a marketing plan: it is the foundation for sales (without marketing planning, sales can be a scattered effort).

Yes an Investment Company needs a marketing plan: what’s the market segmentation, target market, product differentiation, product life-cycle, promotion plan, pricing strategy, distribution program and so much more.

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Business Q&A: A marketing company plans to market a product to middle-income families. A study states that for a particular?

Product Marketing

Product Marketing question by : A marketing company plans to market a product to middle-income families. A study states that for a particular?
A marketing company plans to market a product to middle-income families. A study states that for a particular area, the average income per family is $ 45,000 and the standard deviation is $ 7000. If the marketing company plans to target the middle 60% of the families based on income, find the maximum and minimum cut-off incomes. Assume the income is normally distributed

Product Marketing best answer:

Answer by Ashish
—–|———–|—–
15% 60% 15%

for minimum cut off point
in excel give command
=NORMSINV(0.15) (15% is below the minimum point of middle 60%)
It will give -1.036432877
then the munimum cut off point would be
45000 + (-1.036432877*7000) = 37744.96986

For maximum cut off point
in excel give command
=NORMSINV(0.75) (since 60% + 15% = 75% is below the maximum point of middle 60%)
It will give 0.674490366
then the munimum cut off point would be
45000 + (0.674490366*7000) = 49721.43256

so, middle 60% families income is between $ 37744.97 to $ 49721.43

Continue reading Business Q&A: A marketing company plans to market a product to middle-income families. A study states that for a particular?