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View Full Version : New guy needs help with Taxes


promower10
11-05-2010, 12:58 AM
I started my biz this year set it up as SOLE P and I have my tax ID #. I dont know how or where to stat on taxes? I made about 18K this year, but I also have purchased a few BIG ticket pieces of equipment this year over 5K all new pices. I have 3K put up just for taxes just in case but any help would do guys. I want to be a 100% Legit American owned business. PLEASE point me in the right direction thanks :confused:

wbw
11-05-2010, 08:18 AM
I started my biz this year set it up as SOLE P and I have my tax ID #. I dont know how or where to stat on taxes? I made about 18K this year, but I also have purchased a few BIG ticket pieces of equipment this year over 5K all new pices. I have 3K put up just for taxes just in case but any help would do guys. I want to be a 100% Legit American owned business. PLEASE point me in the right direction thanks :confused:

Spend some of your 3K on a CPA. They will make sure you still have enough left to pay any taxes you may owe.

FWIW I wouldn't seek financial or legal advice on a site for guys like us. Just something to think about.