2007-02-04 12:34:16 · 3 answers · asked by Steve R 1 in Business & Finance ➔ Small Business
I'm an independent web designer. I have both 1099s and W-2s from employers/clients. I have to renew my business tax for 2007.
2007-02-04 12:36:11 · update #1
No. W-2 earnings are earned as an employee for another company. 1099 revenue and any other independent contractor revenue count as taxable revenue for the business subject to business tax.
Good Luck,
www.thebarfieldgroup.com
2007-02-04 12:40:04 · answer #1 · answered by planningresult 4 · 0⤊ 0⤋
I would think that a renewal of a business license is applicable to only the self-emloyment earnings (the 1099). You don't need a business license for W-2 earnings.
2007-02-04 20:39:27 · answer #2 · answered by T G 2 · 0⤊ 0⤋
NO NO NO
W-2 is withheld on and remitted as an employee. Do not do the government a favor by overpaying for your "business tax".
What state charges "business tax" anyway?
2007-02-04 20:43:02 · answer #3 · answered by Gem 7 · 0⤊ 0⤋