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Old 13th September 2006, 05:01 PM   #1
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Linda's Avatar

Join Date: Jun 2004
Location: Houston, Texas
Posts: 3,459
Default Legitimate Home Based Businesses and The Tax Department

Take in account all the legal measures you need to take care of in starting a new business.

"The main topic of this article is about meeting the needs of the provincial, state or federal tax department and laws that are in place in your country and region were you live. They are all different and without question you must investigate the requirements in the country and state or province you live in."

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Old 16th September 2006, 07:10 PM   #2

Join Date: Aug 2006
Posts: 7
Default How do I pay my income taxes when I don't have an employer to withhold them

I found some more tax related info:

Q: How do I pay my income taxes when I don't have an employer to withhold them?

A: You should probably start estimating your taxes and putting the money aside. See Form 1040-ES and its instructions for estimating payments to figure out how much you should be setting aside. A worksheet inside the instructions can help you. This is a good thing to talk to a tax professional about, because it will require some planning for the future. Also, if you don't estimate properly, you may be liable for penalties.

Q: When do I pay estimated taxes?

A: Generally, you pay estimated taxes four times a year, beginning on April 15, then payments must be made on (or the first business day after) June 15, September 15 and January 15 of the following year.


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