debtfree4life
New Member
Cash: $ 1.05
Posts: 5
Joined: 30 Dec 2005
Location: New Jersey
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| Taxes? |
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Hopefully you don't pay any taxes if you structure your business effectively.
You have alot of write offs because of your business. Taxes are normally paid at the end of the year for a business but if you have employees some states make you take the taxes (payroll) and deposite them monthly. As far as the bussiness paying taxes on it's profits it can be done at the end of the year just like an individual.
please hang on to all your reciepts for your business and buy a mileage log for your car if you use it for your business. At the end of year you can deduct the mileage off the car.
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