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taxes
Well.. for US people : )
I know... ask a CPA.
Figured I would ask here first because I know most of you own your own businesses. Early this year I started my own single member LLC.
So my first question.. is it normal for you to spend pretty much all of your profits and reinvest into your business the first year? Web hosting, hard links, software.. pretty sure I can write all that off. Right now all of that is more than my profit so far. I take 30% of every income and put it into a business savings account.
Do you pay quarterly taxes or just once with your personal taxes? I didn't bother paying the first quarter since I spent more on my business than I made.
Also.. if quarterly, how in the heck do you estimate? In this business you can make a killing on one quarter and then make jack shit in another.
Thanks
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