Company: LLC, C-Corp, Sorp – Taxes on Just Profits!?
I am currently working with a few CPA Networks. [NeverBueAds, Azoogle, Copeac]
I am doing around 1/k month now, and I don’t know what I should do about Taxes. All that 1K of revenue is not pure profit, I also have expenses that are used to make that money, about 1K/month. I need to fill out a W-9 form before I could get my earnings. However, I just do it under my own name, as there is really nothing to worry about.
However, would I need to set up something, like a LLC or something, I feel I should only pay taxes in my profits and not on all revenue. So I would be writing off computers, internet, % of my home for office space, and then other things related to my Search Marketing process.
Thank you for any information you may have.