Tag Archives: loss
if i show more of a loss than profit for a small business, will i get money back when i file taxes?
Question by MondayMorningMan: if i show more of a loss than profit for a small business, will i get money back when i file taxes? also. if my small business is a side thing, and i have a current job, … Continue reading
Q&A: If you own a small business and your taxes go up how will you make up for the loss in income?
Question by jkherberger: If you own a small business and your taxes go up how will you make up for the loss in income? Best answer: Answer by robert eraise prices, if you are in a crucial industry, then the … Continue reading
What is considered a “loss” in regards to tax and small business?
Question by XMS: What is considered a “loss” in regards to tax and small business? I am thinking about becoming a Pampered Chef Consultant, which is technically considered my own small business. I will recieve a 1099 and I am … Continue reading
Small Business loss. Taxes. How does it work?
Question by Bob Jackson: Small Business loss. Taxes. How does it work? I have operated an LLC for 1 year now an d I’m getting ready to file with HR Block premium. My business expenses total over $ 20,000 dollars. … Continue reading
Why do you still have to file taxes when your small business has a financial loss?
Question by ladybug: Why do you still have to file taxes when your small business has a financial loss? I’m trying to understand what the taxes would be based on if you didn’t make a profit. Do you get a … Continue reading
which is better for small business taxes…profit or loss?
Question by cakcynthia: which is better for small business taxes…profit or loss? some people say show a loss. we have a lawncare business and have a lot of deductions. We will still show a profit again this year.(2yr old business) … Continue reading
Q&A: what happens if you have a loss on your small business taxes more then 3 years?
Question by jennifer r: what happens if you have a loss on your small business taxes more then 3 years? I have a small internet store and this will be the fourth year I had to claim a loss on … Continue reading