Your Questions About How To Do Business Taxes Online

Jere answers:

You’d charge sales tax to buyers in your state, and send the sales tax you collect to your state. You need a state tax id to do this – get it from your state dept of revenue.

Jere answers:

Use this basic checklist to make sure all the important steps are taken before you launch your new venture. This business checklist will make sure that you cross all your t’s and dot all your i’s before your business launch.

Steps to Starting a Business –
http://www.developer-resource.com/starting-a-business.htm

Other sites you might find helpful are:
SBA – http://www.sba.gov/
SCORE – http://www.score.org
Small Business Resource – http://www.small-business-software.net
Business Link – http://www.businesslink.gov.uk/bdotg/action/home

Goodluck!

Jere answers:

To make it simple and headache free, first register your business name in your city/county. If it is proprietorship business, and you don’t employ any one, then you do not need tax id. You can use your social security number.

Launch your website. Open a bank account for your business. This way you can easily keep business expenses and income separate from your personal expenses and income.

Then with your form 1040 you will need to include schedule C. If you have income it will be added to your all other incomes and you will pay tax on the total income. Evidently, the extra income from your business will fall in your highest tax rate bracket.

In the beginning it may not be wise to go for incorporation, as it involves a lot of headache and compliance problems.

Once your business is established, then you can always go for incorporation.

Jere answers:

You want to choose a name,when you do this you will first have to find out if any one else is using the name already, then create a website and all of that good stuff, you can either do it your self or have someone do it for you, you can also save a lot of headache and sell on e bay, after you show you are a serious seller you get perks and you do not have to worry about getting people to go to your site because everyone goes to e bay first to find stuff nowadays they take care of all the little things and they have dropped thier fees to hardly nothing, your payments will be secured through paypal if you want so you don’t get burned and you will get mad exposure, being a student you want this to be smooth , taxes are filed as a business owner and you get a lot of write offs, all of your expences are written off so that helps Good Luck

Jere answers:

It is not different from a regular business, you can apply for one online.

Http://dor.myflorida.com/dor/

Towards the bottom click on “register to collect and report taxes”

You also need an SS4 to get a Federal ID# search for SS4 or SS-4 or go here : http://www.comparepayroll.com/free_forms.html