This question is for Full- Time Legitimate Business owners. Do any of you ever receive a Tax Refund or do you wind up haveing to pay the gov. and increaseing your quarterly payments. It seems to me if you increase your sales without overly increaseing your write offs you get a nice big tax bill. Can you actually make a profit on paper and not get rocked by the government?? Any thoughts or advice would be extemely helpfull. Thanks.
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Tax Advice
- Thread starter NCL
- Start date
rodfather
LawnSite Fanatic
- Location
- Clinton, NJ
We just increase our quarterlies each year and pay up any difference so not to get penalties and/or interest.
Tax refund? You're kiddin', right?
Tax refund? You're kiddin', right?
- Thread Starter
- #3
rodfather, Yeah I was kiddin'/hopen. Just hopen to break even or not have to pay a large amount . Last year I got crushed by the gov. How long have you been in business? Does it frustrate you that every year you have to raise your quarterlies or do you take it as part of doing business and just deal with it?
