Tag Archives: profit
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
Question by Ray K: How do I file for taxes on a not for profit small business? I have a small business where I make personalized products and sell them to help a person in need. I only keep a … Continue reading
Do you understand that a small business does not pay income taxes, the net profit is taxed by who gets paid?
Question by King of CNN: Do you understand that a small business does not pay income taxes, the net profit is taxed by who gets paid? The owner takes some, he gives some to employees, each of them must file … Continue reading
Question by Christy: How much do you have to earn in profit in a small business to report it on your taxes? I’ve been selling some of my crafts recently (a little here and there to friends), and I don’t … Continue reading
Question by hotdish82: Do you still have to pay taxes on a small business that made no profit? If you purchase a tax id number for a small business but the small business never gets started and makes no profit, … Continue reading
Q&A: With small business taxes do I put income as the total amount of money I’ve gotten or total profit?
Question by Jake C: With small business taxes do I put income as the total amount of money I’ve gotten or total profit? I started a small business in 08 selling/repairing computers. So if I received $ 5,000 over the … Continue reading