The Small Business Tax Help Blog

Posts Tagged ‘tools’

Question: How do I back file for Self Employment – 2006 taxes (just the paperwork, I already paid the tax)?

I was self-employed, paid the estimated tax I owed, but forgot to send in my tax form.

Do I need to prove I sent in payment? I am unsure if I need to send in any verification that a payment was made with my late 2006 tax forms -

Any insight would be awesome!

THANKS!

Answer: Just file the return. If you owe any additional money and don’t pay it, IRS will send a bill. If you have an over payment, IRS will send a check.

Don’t panic — You have until midnight Monday to file taxes

Don’t panic. That’s advice from tax experts.

How to Complete a 1040A Tax Form : 1040A Tax Credit & Payment Tips

The Cost Of Confusion

As Sherlock Holmes might have remarked, it’s the dog that didn’t bark.As we write on these pages again and again, costs have a huge impact on investment performance. So why, then, doesn’t fund …

myERP: For Small Business; Relies on Google Apps

Question: As an independent contractor, where do I to go pay my taxes?

I became an independent contractor 3 month ago. I understand that I need to make quarterly payments. The first one is due June 15. I do not know where I go & make the payment. Is there a place I go to & write a check to pay it? or Do I send in a check to IRS? What kind of forms do I get? First time as an independent contractor so the tax system is very confusing for me.

Thanks in advance for your help.

Answer: for federal tax – download form 1040-ES from www.irs.gov – you would pay 15.3% of your income for selfemployemnt taxes, plus the % you expect to owe for overall income taxes – pay 15% to be safe (30.3% total)

probably a similar form for your state – google for your state’s dept of revenue website – pay whatever your state tax rate is times your income for that “quarter”

or google “your state” and estimated tax payment coupon or similar phrases

Summary of 2011 NM legislative session

The Associated Press SANTA FE, N.M. A summary of developments in the Legislature’s 60-day session, which ended Saturday. Gov. Susana Martinez has until April 8 to sign or veto bills passed during the final stretch of the session. BUDGET-FINANCES(equals) Passed: $5.4 billion budget for education and general government programs in fiscal year starting July 1; higher pension contributions for …

Contractors find tax confusing

Question: Please suggest a topic for my project, please, I beg you all:)?

Please help. Give me some ideas for my culminating activity, please:)?
For my culminating activity, I am to prepare for the following scenario: you are applying for a student grant given to students who wish to start up their own summer business.

Your culminating activity is made up of the following:

A two page report outlining the details of your summer business. Include information about the name of your business, the type of business, and the details about the business (What is the purpose of the business? What is your target market? What materials/inventory do you need to get started? How much money do you require for startup? Where is the business located? How many people will be working? How much money do you expect to earn during the summer? etc.etc.). Include appropriate charts/graphs, for example showing your projected revenues and expenses.

Answer: I think that I would go with Lawn Care.
Name of business -(insert your name) Lawn Care
Type of business-basic lawn care, pull weeds, mow lawn, rake leaves, plant flowers, ect
Purpose of the business- is affordable lawn care for the person who is too busy to get to it themselves
Target Market- homeowners
What materials/inventory you need-rake, hoe, shovel, work gloves, old clothes, work shoes/boots, weed wacker, lawn mower push/rider, wheel barrel, ect
How much money do you require for startup? Depends do you have these items if not go to store and write down the price of items and list this in your report.
Where is the business located? State where you are willing to go to do this lawn care…..ie 20 mile radius from your house.
How many people will be working? Yourself or maybe you and a friend?
How much money do you expect to earn during the summer? I would say that you could probably earn 500 for the summer.
Your expenses would be gas and if you had to purchase any equipment
In your report I would attach a sample flyer that you would post around the neighborhood ie store, park, gas station, hand out to friends and family give to parents to hand out at work. I would include your prices on the flyer.
Hope this helps.

BTN’s 2011 Corporate Travel Index

Average 2010 negotiated corporate hotel rates and January 2011 food prices each softened a bit from the previous year’s levels, allowing business travelers some expense-report relief before potential price hikes take hold, according to Business Travel News’ 2011 Corporate Travel Index, the annual examination of the daily costs to stay in a hotel, eat three meals and rent a car in 200 U.S. and …

Nuskin Business Scam or Opportunity?

Question: Where was the republican outrage when their party was giving ACORN our tax dollars during the Bush years?

House Republican Leader John Boehner’s (R-Ohio) office searched the Federal Register and reported on October 16, 2008 that between 1998 and 2008 ACORN received $31 million in federal grants through 54 different grant programs and 11 federal agencies. That figure does not include monies received from state and local entities, financial support going back decades from the now-defunct Fannie Mae Foundation, and other nonprofit groups such as the Tides Foundation and Catholic charities.

http://www.cagw.org/site/News2?page=NewsArticle&id=11668

Snipers: You’ll never get me …Yes…the GOP turned a blind eye
ThaPH …enough dirt for all…maybe both parties being involved has what’s kept things on the DL press wise
jhillftp…yet they still gave them money…interesting

Answer: If I would have known about it, I would have been pissed
This is not left or right buddy…
This is about right or wrong

Big Bend briefs

WAKULLA COUNTY

Economic Stimulus Oversight, Federal, Beginning