What amount of state tax (NC) should I submit for my small business?
607476
I would do an "estimate" of what you think your entire income for 2006 would be and match that up against what the current tax rates are to figure out what you need.\n\nIf you are truly concerned or have cash flow issues, you might want to check with your local accountant about being paid a salary and increasing your withholdings to the state, even at last payroll of year-end.\n\nTo the best of my knowledge, the government considers withholdings as being paid "evenly" during the year, even if they were remitted in a December payroll.  That way if your income does increase you will not have to worry about underpayment penalties. \n\nGood luck.
121694
I dont know what the state form is but for federal I think you give them a 1099.  You should ask an accounting professional to be sure.
698286
Apply for a copyright with the concerned office.  Ask business permit from the local government that you will be engaged in publishing a company so that you operation will be examined and payment of taxes will be assessed.
1168492
For federal, you'll need a schedule C (or C-EZ) where you'll list your business income and expenses.  Will probably also need Schedule SE to calculate self-employment taxes (covers social security and medicare taxes).  Numbers from these schedules go on your 1040.\n\nFor state, each state is different.\n\nGetting an accountant, especially for at least the first year so you can see how it's done, would be a real good idea.
196337
It depends on your income and how many dependents you have as to how much money you will get back. They should withhold 258.74 in fed taxes if you claim 0 exemptions
515443
24k isn't a lot over a year and I would suggest to keep it under table for as long as you feel it is safe to do so.\n\nNow, not declaring income earned isn't the biggest crime in the country, so don't get all worked up. If your business grows too big, then perhaps you should declare a little.\n\nYou are in a better position to decide, you know your surroundings, how people treat you, whether the authorities(tax officials) know full well of your business or not. \n\nSimply put, if push comes to shove, declare, if not, remain as it is.
1102245
The minimum federal tax bracket is 15% so you pay 15% of whatever amount you earn each quarter.  And seeing that you overpaid your first quarter taxes (since 15% of $7000 is only $1050), you will receive a refund when you file your tax return next April.  However, you said you run a daycare, so any expenses you incur to run your business, like food, toys, etc. are tax deductible items so when you file your tax return next April, you should itemize these tax deductible items instead of taking the standard deduction and it should lower your tax.  And you do not need to hire anyone to do this for you.  You can do it yourself, just follow the instructions for each line on the 1040 form.
1177627
First I'd file the LLC in Nevada. Look on the net for corporations start up. They will walk you through. You can get a kit that will explain. Marketing business is safe and your LLC is just a legal thing and show growth. You can and will get preprinted by laws for the state you area LLC. I live in Va. and I'm a corporation in Delaware. We make candy. I"m foreign company to Va. Cost me $45.00 verse $1000.00. If you're good at marketing why are you waiting for Aug. Your start up will be with your funds. It's best to get first funds from friends & family you can trust.  never ask anyone that can't replace the money themselves.( Retired) Best J. kelly
111639
I work in several different states each year.  I live in TN but worked in CT and NC last year.  Both states collect income taxes.  I had to file a non-resident state income tax form with each state and will receive a refund for any overpaid ammounts.  Search the state of PA's website and I'm sure you find a link for their tax information.  If you did not work in NY you should not have to pay NY taxes,  HOWEVER, you should check with the state just to be sure.  Hope this helps.
1083840
I don't agree....\n\nFirst off, let's suppose the purchase is of $100. And the sales tax is ten bucks extra. Because if the sales tax were included in $100, it would be $9.09.\n\n(Accrual basis - Sales Tax or VAT)\n\n(SALE)\nAR-Clients  $1,100 dr\nSales $1,000 cr\nSales tax - payable  $100 cr\n\n(COLLECTION)\nBanks - $1,100 dr\nAR-Clients  $1,100 cr\n\n\n(PURCHASE)\nInventory  $1,000 dr\nSales tax creditable $100 dr\nAP-Vendors $1,100 cr\n\n(PAYMENT)\nAP-Vendor $1,100 dr\nBank - $1,100 cr\n\n\n(Cash flow Sales Tax or VAT)\n\nBut did you really generate Sales Tax (or VAT) when you made the credit sale? \nThe answer is no. Normally you would create a special account, probably with the following description: (Sales Tax Witholding - Pending ). You would credit the account at the moment you made the credit sale. \nThen, you would debit the account when you actually receive the payment, against Sales Tax Witholdings - Payable.\nThis is also true, for purchases...\n\nFor example:\n\n(SALE)\nAR-Clients $1,100 dr\nSales  $1,000 cr\nSales tax witholdings - pending $100 cr\n\n(COLLECTION)\nBanks $1,100 dr\nAR-Client $1,100 cr\n\nSales tax witholdings - pending $100 dr\nSales tax witholdings - payable $100 cr\n\n\nFor example:\n\n(PURCHASE)\nInventory  $1,000 dr\nSales tax payable - pending  $100 dr\nAP-Vendors $1,100 cr\n\n(PAYMENT)\nAP-Vendor $1,100 dr\nBank - $1,100 cr\n\nSales tax creditable $100 dr\nSales tax payable - pending  $100 cr\n\n\nI hope this information is still usefull to you...\nIf this is not what you were looking for send me a message!
835736
Assuming the service was satisfactory, 15%-20% is appropriate.  Just remember, the person providing the service to you does not usually receive the entire $100 fee you paid.  A portion of that goes to overhead and other related costs.
62638
Depends on the amount financed and your area of North Carolina.  You can check out Bankrate.com at\n\nhttp://www.bankrate.com/brm/rate/mtg_home.asp\n\nDon't be pulled in by the lowest rate.  IMHO, my advice would be to use a local lender not some out of state outfit.
1010450
Go to an accounting service and ask. You're going to have to get one anyway. He or she will set you up with a package.\nMine was $800 up-front to incorporate with her sevices and $300 a month after that. It was well worth it and saved my butt many times.
541811
Net income from self employment would be 90k (135k-45k).  You will have to pay self employment tax at 15.3% which would be about 13,000.  You will also have personal exemptions and itemized deductions which I will assume to total 15000.  Your taxable income would be around 68,500.  Tax on that is about 17,000.  So your earnings after taxes would be 90000 - 13000 - 17000 = 60000.  This is making a lot of assumptions too.
1007897
Approximately $100,000 to $500,000. Good luck in your new business!
260034
Go with 6 mo t-bills. 4.775% and tax free from state taxes will give you an effective rate above 5.0% if you live in a state with average tax rate.
210973
$86.00 per check, that's the federal tax. State tax will be less depending on which state you live in. Some states like FL and TN and some others don't have state tax. Also don't forget your SSI and medicare which together are 7.65% of the 767.25