Question by handyrandy: Mccain intro’d in 1983, and passed in 1984, 66% increase in Self Employment taxes for Small Business. Why? ? He introduced a bill to increase Self Employment Tax from 9% to 15% for small businesses, increasing the rate by 66%. How can he claim to be for small businesses? Best answer: Answer ...…
Question by Cookie: How much money do you need to make before paying taxes on your small business? I have my own out-of-the-home photography business. It’s just me that does it on a regular basis, however, I do bring on one other photographer for large weddings. I pay her with the money from that specific ...…
Question by Jordan: How can liberals support high taxes AND small business? Seriously, how the hell is this possible? @Que Sera Sera: Well that’s great because I support small business. I just don’t understand how high taxes and small business can go hand and hand. Nirva: Where in my question did I mention Bush. Don’t ...…
Question by Shay nay nay: Filing taxes for a small business? I started a small business in 2007 and earned a little over 10k in gross income. Do I have until April 15th to file taxes for my small business just like my personal filings? Best answer: Answer by russianatoryes…..unless you want to get bu*t ...…
Question by Stark: How do you calculate how much income to withhold for taxes when starting up a small business? We just started up a small business and are wondering how we calculate how much money to withhold for income tax, (federal, state, social security). Is the IRS withholding calculator a good tool to use? ...…
Question by jeepsusa82: I run a small business, can I deduct the cost of a recently purchased house on my taxes? Last semester I took a real estate class at the local college and the teacher discussed some people buying real estate as an investment and for a tax deduction. I run a small business ...…
Question by BugsNSofie: Small business taxes / individual taxes? I worked for a company for 9 months this year (2010). I recently started my own business. When tax time comes next year will I be filing separate tax forms? 1 from the taxes I paid as an employee and 1 for the taxes I need ...…
Question by I Like Soul Music: Question about small business taxes? My moms restauarnt has been doing quite well, often so busy its overwhelming. However, twice a month she is being charged taxes, state and federal, medicaid, social security etc and it amounts to nearly a thousand dollars a month. Combine that with payroll, rent, ...…
Question by : Do you need to pay taxes for a small business if you do no business? My friend and I are college students who want to start a small business. We don’t plan on actually doing any business until 2010 but it would be nice to have it all set up by then. ...…
Question by moopoo55: If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties? Let’s say that I’ve calculated most of the 2003 year and have concluded that I didn’t owe any taxes for 2003 and 2004 but instead am due a refund. I’m working ...…
