*
After moving up here from TX, I have been doing real well in the finish/high design (read: nonfunctional, wacky, materials) line. I have been working under the table and that has been great so far, but I need to start getting legit so I can prove to mortgage companies, etc, that I do work for a living. The myriad of insurance and business regs here (compared to TX) are a bit daunting. Anyone know of a good book, website, organization or accountant in the area that might make the process less painful? Any general advice on this matter would be appreciated. Thanks.
Don
Discussion Forum
Discussion Forum
Up Next
Video Shorts
Featured Story
Tips for protecting your personal information when using Wi-Fi-connected devices.
Featured Video
SawStop's Portable Tablesaw is Bigger and Better Than BeforeHighlights
"I have learned so much thanks to the searchable articles on the FHB website. I can confidently say that I expect to be a life-long subscriber." - M.K.
Replies
*
You do pay taxes don't you? If you do then just use your tax returns. Bankers usually accept those and the credit check as enough support for loan applications.
If you don't pay any taxes on this under table income then you got lots worse problems than the local bank. Never can tell when someone will rat you out for their benefit, or just for meanness.
*Yeah, thats one of my big concerns. It's been a few months so far, but...I don't worry too much about getting ratted out, mostly that an audit of a client would lead to me. I actually only worry about going back to an underground, cash only existence that was "cool" when I was 22 but would stink now.
*Don, How much did you make the last 10 years? Send it in. The IRS We know where you live You need to see a CPA that deals w/the IRS on a regular basis. He can negotiate for you on penalties and interest. And how to go legit. Don't try to go it alone. Good luck
*Thanks,It hasn't been a full year, and I have not been getting rich, so I'm not worried too much about taxes, just getting liability insurance (needed to step foot in many buildings in NY) and so forth. DW
*Don, If I were you I'd go to consumer affairs and get the books and applications for a license first. Its quite intensive in the five boroughs. I know because I looked into it. I've been licensed and insured the past twenty something years on Long Island and spose I don't really need the hassle of all that licensing in the city even though there have been some pretty good opportunities past up due to licensing. Go get all the info for a license first is my opinion. You'll be working around a lot of union guys and you know what that means I hope...Good luck...if you ever want to talk write my Email and I'll give you my numberAndy
*
After moving up here from TX, I have been doing real well in the finish/high design (read: nonfunctional, wacky, materials) line. I have been working under the table and that has been great so far, but I need to start getting legit so I can prove to mortgage companies, etc, that I do work for a living. The myriad of insurance and business regs here (compared to TX) are a bit daunting. Anyone know of a good book, website, organization or accountant in the area that might make the process less painful? Any general advice on this matter would be appreciated. Thanks.
Don