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October 4th, 2000, 06:26 PM
#4
if you do not have employees, it's not that hard as long as you remember to pay your sales tax on time and quarterly income tax in the following years.
And I agree about the tax write offs... if your only doing this part time, you could do it legally and in the end pay no taxes (other than sales tax) and have many benefits besides!
Aside from what was mentioned above, if you work out of your house you can write off a portion of your rent/mortgage, remodeling costs, electric, phone, etc
it would be pretty easy to legally show a loss if you plan on only $600/month income!
***Oh to go back to when it was just me instead of this multiple employee headache I've created!
[This message has been edited by pga (edited October 04, 2000).]
[This message has been edited by pga (edited October 04, 2000).]
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