A couple of accounting/tax questions
How do I properly account for the following issues in my wifes jewelry business...I use QB as my accounting system:
Donation of goods to charity...she donated a number of necklaces for charity auctions. What line of the Sch C does this go on?
Website design fee. Is this an office expense, computer expense?? It was ~$6000.
We put an awning on the front of the store which cost $2000. Is that considered a fixed asset and needs to be depreciated?
1099 questions. IRS pub seems vague to me...do I need to provide the web design company or the awning company above a 1099? How about a contractor who installed some windows...his labor was $1000.
I really appreciate the help.
Ace
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