leisa2003 Posted November 14, 2007 Share Posted November 14, 2007 I know about filing the sales tax(every 3 months here where I live), and the income tax at the end of every yr. My question is,....is their any other type of tax you need to file and if so, how often? This is my first year in business. Thanks!! Quote Link to comment Share on other sites More sharing options...
momtohaley2004 Posted November 14, 2007 Share Posted November 14, 2007 It would help if you would list what state you are in. Different states have different regulations. Quote Link to comment Share on other sites More sharing options...
leisa2003 Posted November 14, 2007 Author Share Posted November 14, 2007 I am in Ohio. Quote Link to comment Share on other sites More sharing options...
HeavenScentU Posted November 14, 2007 Share Posted November 14, 2007 There is also a Federal tax filing (EIN). Most banks collect this every quarter for you and send it in. Check with your bookkeeper and see if this is something you have to file. Quote Link to comment Share on other sites More sharing options...
beechcreekcandles Posted November 14, 2007 Share Posted November 14, 2007 You should also check and see if you have to pay a USE tax, we do here in PA. Check with your local tax office or online. Quote Link to comment Share on other sites More sharing options...
VerticallyEnhanced Posted November 14, 2007 Share Posted November 14, 2007 http://tax.ohio.gov/Ohio Department of Taxation Quote Link to comment Share on other sites More sharing options...
MissMary Posted November 14, 2007 Share Posted November 14, 2007 You could do a free consult with an accountant. That's what I did. Not everyone has to pay in quarterly, depending on income and the tax zones and such you are in. There's a minimum limit to have to pay quarterly.Good luck! Quote Link to comment Share on other sites More sharing options...
smellywax Posted November 14, 2007 Share Posted November 14, 2007 Definitely a good idea to meet with an accountant...it has made my life easier for sure Quote Link to comment Share on other sites More sharing options...
MissMary Posted November 14, 2007 Share Posted November 14, 2007 lol, yeah, I thought about doing it all myself... but I realized the IRS is one monkey I don't want to fling poo at. Quote Link to comment Share on other sites More sharing options...
Candybee Posted November 14, 2007 Share Posted November 14, 2007 lol, yeah, I thought about doing it all myself... but I realized the IRS is one monkey I don't want to fling poo at. :laugh2: This is true. Hilariously put. Quote Link to comment Share on other sites More sharing options...
LynnS Posted November 15, 2007 Share Posted November 15, 2007 LeisaI live in Ohio also but I pay every 6 months. Due Dec 31 and THINK it was end of June this year for first half . It is also my first year filing. I thought ALL of the state would be the same but maybe Counties are different.I don't know.I am now confused.LynnS Quote Link to comment Share on other sites More sharing options...
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