7 Keys to Deducting it All » doing

How to file Doing Business As with the gov? better do it myself or pay other company?

Tue, 05 Mar 2013 11:51:15 +0000

Question by Ituyeh: How to file Doing Business As with the gov? better do it myself or pay other company?
I’m planning to register a small business with the government to get a tax ID. I’m trying to find some info how to file DBA (Doing Business As), but the only info I found is that many companies offer to do it for a fee.

Would it be better to file this myself or pay some company to do it? how hard/complicated is the process? The fees I see is around 100 bucks. Is this good deal or a rip off?

Thanks.

Best answer:

Answer by jim_elkins
You can not get a tax ID (EIN) with a DBA. DBA means DOING BUSINESS AS and all your taxes are paid in your name usinge your social security number.

Even if you are one person working for yourself, you should incorporate (become a registered company) (1) to protect your personal assets in the envent you should have to declare bankrupsy or if someone files a law suite against you, and (2) to take advantage of certain tax benefits.

Go to the Secretary of State’s office in the state where you live and do some research on the types of corporate entitites (company, LLC (limited liability corporation), etc).

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I am looking for information on starting a home business doing payroll and taxes for small businesses.?

Tue, 03 Jan 2012 02:13:11 +0000

Question by flutterby282003: I am looking for information on starting a home business doing payroll and taxes for small businesses.?
I really just need to know where to start, what licenses, or permits I may need. I will also appreciate any advise from those who have been there or anyone who can point me to a good, legit website.

Best answer:

Answer by Joseph T
One tough part about that is credibility, you are competing with Paychex, ADP and lots of medium and small payroll companies.

You need a business license, thats done at the county level, go see your county govt offices.
You need a payroll software designed for multiple companies so that you can file as a batch filer, Paychoice is $ 7500 and thats the cheapest. If you plan on using Quickbooks good luck, many have tried and all have failed, QB is designed to run the books for one company, not payroll and taxes for lots…

You need an ACH provider so that you can do direct deposit, most banks are around $ 200-$ 500 per month plus transaction fees but there are some good third partys that do it cheaper.

Contact me if you have follow up questions, I helped start a payroll company a little over 1 year ago so its still pretty fresh.

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best company doing for payroll and quarterly taxes for small business?

Tue, 06 Dec 2011 21:06:49 +0000

Question by ssb: best company doing for payroll and quarterly taxes for small business?

Best answer:

Answer by Soula3
try administaff.

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Q&A: Do I need to file for taxes when I am no longer doing my small business?

Tue, 18 Oct 2011 06:09:08 +0000

Question by Calichick: Do I need to file for taxes when I am no longer doing my small business?
I was going to start a small business and it never happened because of different issues. I keep getting notes to file for taxes for the business, The business obviously has not made any money but I have a business license and a sellers permit. Do I still need to file for taxes? How do I stop the tax reminders? (efile from board of equalization) Thanks!

Best answer:

Answer by David S
YES. You need to file final returns. The fact that you didn’t might mean that you owe a penalty for not filing…even though the company didn’t make any money. TN, for example, has a tax with a $ 100 minimum. So, if the business didn’t do anything but you failed to close it…you would owe $ 100 + penalty + interest.

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I’m a small business doing taxes and accounting for the first time, who do I talk to?

Sun, 17 Jul 2011 09:53:50 +0000

Question by questioning: I’m a small business doing taxes and accounting for the first time, who do I talk to?
I started a sole proprietorship in September.

My business records are stored in 2 different programs and I have a file with a handful of receipts. Plus I have 3 W-2s from previous employers.

I need to have someone do my taxes and set up Quickbooks for me. Is there one type of business that can do that or do I need to talk to a tax person and a accounting person?

Of course I’m looking for the most cost effective way to accomplish this.

Best answer:

Answer by Tina B
Call around to smaller type accounting services instead of chain services.

Many smaller accounting companies use quickbooks as their software. They can input your information or transfer your files to their computer and also generate your tax return.

When you call the local companies ask them if they use quickbooks.

If your Quickbooks software is set up correctly for your business, your year end taxes are actuall a breeze.

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Q&A: What licenses are needed in order to operate a business doing personal and small business taxes and returns?

Mon, 04 Jul 2011 14:32:00 +0000

Question by Mike W: What licenses are needed in order to operate a business doing personal and small business taxes and returns?

Best answer:

Answer by richards150
To do taxes for the public, you have to have a CPA. It’s like a master’s degree and the only legit way. I’ve thought about it too, but legally, you can’t do people’s taxes publicly. Now if you do a family member or friend’s taxes and they want to kick back some money to you for appreciation, then I think that is okay. But you can’t call yourself a tax person and advertise it.

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