2 ms·
Not a tax advisor, but you probably need to show that you paid Upwork 10$ as commission and get a business expense deduction.
by csunbird 3y ago
Not a tax advisor, but you probably need to show that you paid Upwork 10$ as commission and get a business expense deduction.
- msadowski 3y agoIn some countries not necessarily. I’m based in Czech Republic and as a sole proprietor the most preferential way to do taxes (up to certain threshold) is to report the gross income and use a tax rule that assumes that it cost you 60% of gross revenue to get your income. In this case the lower income shown the better.
- stevesimmons 3y agoSo you've spent 10% and are 50% up. Isn't that already advantageous enough for you? Taxes fund a civilised and (mostly) well run society that you benefit from. Misreporting your gross income shifts more of that burden onto your friends and neighbours!