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New guy needs help with Taxes

Discussion in 'Business Operations' started by promower10, Nov 5, 2010.

  1. promower10

    promower10 LawnSite Member
    Posts: 19

    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:
     
  2. wbw

    wbw LawnSite Fanatic
    Posts: 5,404

    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.
     

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