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In the business sense, income is not only money but the right to collect money for goods ALREADY sold or services ALREADY rendered, minus the expenses you incurred to make the goods or the provide the service. That means your AR forms part of your Total receipts for income computation purposes...

PayPal's feedback turnaround takes ages! But I have a brilliant idea that might help you out: Try registering a second account in your name and see how it works. Usually, when you submit forms and it gets rejected, the system would tell you why. Doing this, you'll know which field requires...

I believe PayPal's reverification process is to protect you against fraud. It's a little hassle but if you think about it, if anyone else has hacked your account and is attempting to redirect funds to another account, they'll need to verify account settings and changes. That could be tough to...

eBay ties up with PayPal and makes online business so easy. A good competition for both businesses should be modeled after their tandem. Meaning they should be able to do what both PayPal and eBay offer. The edge would be additional service features NOT offered by both. That would be a good...

eCommerce refers to businesses online - all of it. Every aspect of business that makes use of the internet to generate sales, promote products, get customer feedback, engage customer, reasearch, etc is part and parcel of eCommerce.

Dang, this is something that raises concern but I hope the good guys stay ahead of the nasty ones and fortify the security codes even more. It's a tough world out there. Everyone is wanting to make a living. It's just that some shun the honest way of doing it.

Please do, flofi. And let us know how it goes. If I may say so, many of us here would have liked the chance to get ourselves a US bank account. Too bad they don't allow non-resident accounts anymore. It's definitely cost-effective to have one.

I don't believe there's anything defiant about learning or wanting to learn a bit of geek-speak; I think it's necessity. The Internet was not here a few decades ago. It only became available to the world in the 1980s so it's a relatively new world, albeit fast-changing. As for business in...

I ran into several instance of the term "gray zone" in these forums. What exactly does that refer to? What kind of business runs in a gray zone? I'd appreciate a bit more clarity.

Actually, confidentiality rules and non-disclosure agreements should be enough blanket to protect your information. I'm not sure if I'm right but I am inclined to think the confidentiality of bank accounts, including any identity information attached to it is universal; most countries have laws...

I think it becomes a big deal if you have to be physically present in the bank to sign documents. There are electronic applications that do the processing online. However, in light of recent legislation in the US, they might require hard copies and physical proof of ownership. I advise phoning...

My opinion is that the smartest way to handle an offshore company formation is to invite someone local to become your business partner.That person might not replace the role of professional consultants but it would certainly work well to your advance to have someone on your team who is familiar...

Internet and computers is a geek's world, no question about that. People who aren't geeky but dabble in some sort of internet business, usually acquire a bit of geekiness - they start talking site stats, html, SEO, etc. But for people who are running traditional businesses, i.e...

Many people venturing into an offshore business do so to avoid paying taxes they would otherwise be liable for. Either their home country's tax laws are too restrictive, or they just don't like paying taxes, period. But is that your reason, too?

The Swiss have the best reputation for maintaining confidentiality of information pertaining to their clients. However, if you've ventured into other areas of this forum, a news item was posted concerning a Swiss bank agreeing to release names of clients to the US government. You can hide your...

@ Moh!, I don't think it makes much difference either way. JPay is right. Research is imperative before any decisions to send your business offshore is made. It's always good to have some projections to see if what you hope to save in taxes won't be zeroed out by the related expenses you will...

@ fila, I'm a perpetual optimist in some ways and where this mishap is concerned, I refuse to see it in a grim a light as everyone does. What's sure to happen though is this: If either of the teenage parents are to take their new roles seriously, that kid would skip growing up and would be a...

The thread speaks for itself. Readers who follow the discussion will understand what the subject of the original post is, as well as for the subsequent comment. And just for the record, I don't get offended; I only clarify things.

Wow, so, now, the Swiss government and a US district judge can make a Swiss bank divulge names of clients... This is unbelievable. Who else banks like the Swiss (used to)?

I'm sorry but what exactly do you guys mean by "gray zone?" I wasn't insinuating illegal or any shady businesses selling pipe dreams or snake oils (which are aplenty online). I was talking about legitimate brick-and-mortar businesses, which may or may not have a business website, who might be...