It would depend on what she looked like....
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| Paying a replacement host https://mail.karaokescenemagazine.net/forums/viewtopic.php?f=1&t=15959 |
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| Author: | lisa17 [ Fri Feb 20, 2009 4:18 pm ] |
| Post subject: | Paying a replacement host |
I have had larangitis for 9 days now. I had to get a replacement host for one of my shows. Just wondering how to make the payout for my books. I dont really want to start employee things etc. Anybody else had to do this if so how did you enter the transaction in your paperwork. I dont get paid in cash and dont really want to start all that stuff. Thanks, L17 |
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| Author: | micbob [ Fri Feb 20, 2009 4:25 pm ] |
| Post subject: | Re: Paying a replacement host |
Im assuming the replacement would be using your equipment. If that is the case I would get his/her information Name, address, and social security number and send him/her a 1099 at the end of the year. This way the replacement would be responsible for paying his/her own taxes. As far as tracking this information you could do several things depending on the size and volume of your business. It sounds like your not doing a lot of gigs at this time if so you could use excel to track basic income and expenses. |
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| Author: | johnny reverb [ Fri Feb 20, 2009 4:28 pm ] |
| Post subject: | Re: Paying a replacement host |
It would depend on what she looked like....
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| Author: | Bill H. [ Fri Feb 20, 2009 4:49 pm ] |
| Post subject: | Re: Paying a replacement host |
If the total amount for the year is under $600 you don't have to do anything I believe. More than that yeah... you'll need to send out a 1099 next January, just like you probably get from your clubs if you want to deduct it. I think we have some accountants in here who may have more to say. |
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| Author: | micbob [ Fri Feb 20, 2009 7:54 pm ] |
| Post subject: | Re: Paying a replacement host |
You have to report anything over $400.00 but for the one paying you want to issue a 1099 regardless because it comes right off of your reported income. 
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