Accounting, Bookkeeping, and Taxes, Oh My!

Whether you decide to sell products for another company, sell your homemade products online, or provide a service, you are responsible for withholding your own taxes and keeping the books.

Since you no longer have an employer withholding your taxes, you are now responsible for making advance quarterly payments of your estimated federal and state income taxes.

Save yourself a lot of headaches and hassles by establishing a solid bookkeeping system from the very beginning to track your sales, expenses, inventory, and payroll.

Since tax laws are complex and ever-changing, it’s important to seek the expert advice of a tax professional that’s familiar with your type of business.