Question by airwynnglass: Hobby business became a serious business… how far back can I go with claiming taxes, writing off, etc? I have every single receipt for every expense for the past 5 years … how many years can I go back to claim these? I have never charged tax on my product, but I ...…
Question by andychoi_chicago: Should I apply for a small business, and what is the best way to pay taxes? Last summer I started a small business selling merchandise via online. Before all the expenses, I make around $ 10,000 a month. Maybe about 60% is my net profit. I have not applied for small business ...…
Question by lazarus: Small business tax decductions/expenses for gas and electricity etc? I’ve heard somewhere that as a small business owner working from home, I can deduct or claim expenses as a portiono f my utilities consumption but IM unable to find any information relating to the calculation/formula for wokring this out or whether you ...…
Question by : where can i find a free help guide for small business tax preparation? i have a small construction co. and would like to learn how to keep my taxes in order Best answer: Answer by KlemKiddleHopperYou must keep you income and expenses pertaining to the business in an orderly manner – you ...…
Question by silver fox: I created website to sell my photographs. Where and how do I need to register my small business to pay taxes? Best answer: Answer by KackyYou have to collect sales tax when the customer is from your home state, if you live in a state that collects sales taxes. Your state ...…
Question by Your Silly Prince: Why do small business owners complain about taxes so much? If your business fails because you suck at making money and need a giant tax cut just to scrounge by…. you must just suck at managing your money, or are trying something that wasn’t very intelligent in the first place. ...…
Question by TRADITIONAL AMERICANA: Do you think that Barack Hussein Obama can lead us to prosperity by raising taxes on small business owners? That IS what he would do!! Best answer: Answer by Blue ShortsYES, less than 5% of small biz make more than 250 g’s, the gov needs money to pay down debt and ...…
Question by ,539,684,631,121 Clinton Debt: 84% of Americans work for small businesses, so why does Obama want to raise taxes on 1 million small business? Not spelling, ran out of characters. These are the facts. A small business by rule is a company that has less than 500 employees. You people don’t get it. The ...…
Question by mwill467: can a small business with back taxes file bankruptcy on the taxes to get rid of them? Best answer: Answer by Nancy GMy understanding is that bankruptcy does not do away with tax debt. So once your bankruptcy was final, you would still owe the taxes. Know better? Leave your own answer ...…
Question by You Are Dry Shaving Me: How many jobs will be lost once Obama raises taxes on small business’? Best answer: Answer by Hater PoliceNone. Fear mongering, again Give your answer to this question below!…
