 How do i have a business, live at home with parents without putting their house on the line, if it goes wrong? |
I wish to start a business at home for myself, but i still live with parents is there a way of having a business and if the business went belly up there would be no risk to my mum and dads house?
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Additional Details
has anyone tried any of these schemes people have listed below>? Seems like a scam by faceless criminals to me!... |
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 Earning money from home...? |
Does anyone know of any places where I could start earning money from home?
Eg. Advertising products and getting a percentage of the profits?
Or anything else - I need ideas
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Lana | Do small businesses have to pay taxes quarterly or yearly? |
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answermonkey
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You can pay the taxes yearly, if your expectation is not to owe much to the government by the end of the year. The federal tax gives you an option to pay everything at once by April 15th. By switching to quarterly taxes, you minimize your risk of getting a penalty just in case you had too much revenue and now owe more than you intended. |
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A. E.
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Well, this depends on the type of business ownership (i.e., sole proprietorship, partnership, corporation...etc.). For example a sole proprietorship pays income taxes yearly while a corporation would pay income taxes quarterly. Also, if you're paying sales taxes, you have to follow a specific schedule provided by the IRS. For more details about types of business ownerships, visit www.sba.gov and for more information about taxes, visit www.irs.gov
I hope I clarified things a bit. Good luck! |
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Jess Wundring
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It depends on what form the business takes (sole proprietor, llc, s corp, etc) and the amount of revenues.... |
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Alan D
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They can do either but I don't know which has the greater advantage and I think there are penalties for filing yearly. |
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Big Jay 7
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quartley is always better but you can do it end of year |
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yakj
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you can do it either way but most people would pay them quarterly so at the end of the year it isnt as big amount of money |
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arrogant
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quarterly |
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dh1977
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You can choose either one. I used to pay my business taxes yearly, but it is easier to work with a budget to pay them quarterly. |
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maiojas
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It's up to you...what is best for your pocket, but its easier quaterly. |
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stackgman
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yearly. |
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Jones 4
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i don't know if you HAVE to pay them quarterly...but yearly is probably a big chunk a change to have to come up with |
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cab veteran
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Usually quarterly, or at least they have to send a quarterly estimate. Consult the I.R.S. on the phone and ask them! |
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