Diamethyst
New Member
- Jurisdiction
- Iowa
Had to leave a great job to move when my husband took a new position. As a woman in her mid-50s, I'm experiencing a lot of age discrimination in trying to find a new job here, so I decided to start my own business and see if I could make a go of it. My sole-member LLC will be effective Jan. 1. I have an EIN and will be opening a bank account as soon as my LLC is active. I have made a room in the home we rent into my office and am in the process of obtaining business permits, getting business cards done, building a website, and learning how to advertise.
First question - I live in Iowa. My first client may be a company from California. Will I need to pay quarterly taxes to California as well as to Iowa, or should I pay only California for that work? I know I will have to file as a non-resident there *first* and then apply for the credit here in Iowa, but I'm not clear if I have to pay both states and then get the refund, or if I can pay just California and then submit the credit at tax time.
Second question - My home office is ready to go and there is nothing personal in it at all. It will be used only for conducting my business. That said, my husband is a remote employee for a company with headquarters in Illinois; he is a regional engineer and his territory is here, so our home is also his customary place of business and he travels to his assigned stations from here only when he needs to effect repairs. Can he use space in the home office for his business purposes as well, or would that complicate things? He already has a separate space in another part of the house that he uses, so if it will create a problem for me, he's okay with not coming in here.
Thanks in advance for your assistance!
First question - I live in Iowa. My first client may be a company from California. Will I need to pay quarterly taxes to California as well as to Iowa, or should I pay only California for that work? I know I will have to file as a non-resident there *first* and then apply for the credit here in Iowa, but I'm not clear if I have to pay both states and then get the refund, or if I can pay just California and then submit the credit at tax time.
Second question - My home office is ready to go and there is nothing personal in it at all. It will be used only for conducting my business. That said, my husband is a remote employee for a company with headquarters in Illinois; he is a regional engineer and his territory is here, so our home is also his customary place of business and he travels to his assigned stations from here only when he needs to effect repairs. Can he use space in the home office for his business purposes as well, or would that complicate things? He already has a separate space in another part of the house that he uses, so if it will create a problem for me, he's okay with not coming in here.
Thanks in advance for your assistance!