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Thread: confused about taxes...

  1. #1
    Senior Member
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    confused about taxes...

    i remembered there was a article on taxes that chris wrote up somewhere but i cant seem to find it...

    Also i hear alot about quarterly taxes for self employed can someone help explain that for me ?

  2. #2
    Senior Member chromate's Avatar
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    Are you in the US?

  3. #3
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    Yes im in the US.

  4. #4
    Administrator Chris's Avatar
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    Your first year of being self employed you do not need to pay quarterly taxes, but every year after that you will. You can base them off 25% of your previous year's income, or 25% of the current years income.

    I recommend getting an accountant. It'll only cost you a couple hundred and he'll probably save you more than that.
    Chris Beasley - My Guide to Building a Successful Website[size=1]
    Content Sites: ABCDFGHIJKLMNOP|Forums: ABCD EF|Ecommerce: Swords Knives

  5. #5
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    well im just preparing for the future right now i barely make a couple hundred a month. That should definately grow and i want to be prepared adn organized so when i do make more revenue.

    Hey chris didnt you use to have a article on taxes ? i cant seem to find it anymore.

    As the year goes on what are things i definately need to keep track of ?

    Hosting Cost ?
    Domain Name Cost ?
    Internet Connection ?
    anything else ?

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