We do larger meals in a slow cooker, like chili or pulled Mexican chicken once a week. That way we have the base of a meal already completed that lasts for a couple or three meals. A slow cooker and a rice cooker are such time savers. :)
It saves so much time. :)
What seems to be missing from your post, is networking with other parents in the class to crowdsource some of the pick up and dropping off at school, days off etc. (Not that I’m suggesting that you send a sick kid to someone else’s house, of course.)
I’m surprised that you aren’t mentioning the housework as well. A weekly housekeeper to tidy up would probably also cut down on the chaos.
" Ie, if I open a 501©(3) or something similar and get paid through that can I set the money aside for my child’s college fund (I’m not interested in setting up a 529 account)"
omg. let him hire someone else to get involved in his tax dodge scheme. don’t work under the table or anything like that.
bookkeepers/accountants can be liable for tax dodge schemes if they do the bookkeeping for them. (see lawsuit involving past president, children, and all the accountants/cfos/etc)
Get an audit done of the financial statements. Ask your CPA to look at the last five years of the tax return as well.
Probably expensive, but worth it. :)
(most of the business value is likely in the land value.)
You might want to consider how many incoming packages there will be. You might want to get PO box just so they aren’t left on your doorstep or the management office waiting for pick up.
microsoft didn’t invent spreadsheets.
You need to give them a quote before you start work.
I think that you are undercharging at 70 for an original composition. If you are looking at Etsy as a price guide, keep in mind that many people undercharge there for original art.
“I do all different kinds, whatever speaks to me that day I guess, from landscapes, to cartoons, to festive art.”
O.o I don’t think your family appreciates how talented you are. :)
You can usually book an appointment with a CPA to find out what taxes you need to pay. Your city or state probably has a phone line to call.
Whether or not you want to incorporation (LLC, S Corp, C Corp) may depend on a number of factors. The filing fees can be high for some entities. I think in CA, there is an annual $800 fee for filing as an LLC. So you might want to do some research. A sole prop is also a valid business entity.
Those people who say ‘you don’t have to pay taxes’ are strange. Like, I have no idea which city or state you are in and know absolutely nothing about your tax situation. That’s like saying you should wear a french braid in your hair everyday, when I don’t know anything about your personal style or even if you have hair. LOL
There are different reporting requirements for each city/state/federal taxes. In almost every state there are sales taxes that you are also required to collect. If you end up hiring people, there would also be payroll taxes.
That’s why you need to talk to a tax expert that’s familiar with your area, business type, and you get along with. :)
Asbestos - check for that any other hazardous material.
there are quite a few youtube channels centered on rebuilding abandoned buildings. after they finish, they usually sell the building.
When there is crazy negative stuff posted on your facebook pages; there is also an opportunity to get free marketing from it.
(ie. would your local news station be interested in such a story? Embarrass the bank staff a bit in a public forum/venue.)
That being said, facebook buries posts within minutes. There is a good chance very few people will see it.
If you need some cash, try hosting some art popups. You get money for the booth fee and new people come through your store. Check with someone in your area who runs pop ups or markets to get the ball rolling!
This is like a forest of RED FLAGS for you.
He doesn’t have the capability to raise capital. He has probably given you an ‘edited’ version of events.
No one with that many contacts/business savvy is going to go into a full partnership with a newly minted person who has no idea what is going on.
Tell him you have to wait until the bankruptcy is finalized, if you aren’t strong enough to give a hard no.
I bet a 10 imaginary internet points that his house/home is in foreclosure and that his personal credit cards are maxxed out.
It’s kinda like having a 60 year old guy trying to woo someone in high school. I love you, I really do, see all my cool stuff. Never mind my three ex-wives, they just didn’t get me. SEE MY COOL STUFF!!!