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Quarterly Business Taxes...

Discussion in 'Business Management' started by James Burke, Jan 15, 2011.

  1. James Burke

    James Burke Being a grandpa is more fun than working

    3,439
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    Jan 2, 2010
    Mitten State
    Ouch, I just $ent them off today. It $eems like a penalty for making money. I gue$$ the only thing wor$e would be not making any money at all.
     
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  2. mortil

    mortil Member

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    Oct 30, 2010
    Sweden
    how is the taxes for business over there ?

    here in sweden we have 25% VAT on all profit. but you can draw it off the vat you have payed out for new equipment etc.
     
  3. James Burke

    James Burke Being a grandpa is more fun than working

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    Jan 2, 2010
    Mitten State
    Typically, we're looking at around 15% for self-employment taxes. That's just on business profits only. Income taxes are another story.
     
  4. ForgeInc

    ForgeInc Active Member

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    Dec 7, 2010
    Portland, Or
    I had a similar conversation with a friend of mine (who is also self-employed) when I asked him a couple days ago: "so, quarterly taxes are due soon, OUCH, right?" and the gist of his reply was: "Well, you have to actually MAKE money in order to pay taxes, it's a problem I'd welcome" and that brought me down to Earth a bit. Made me glad I actually get paid a good living to do what I love...
     
  5. James Burke

    James Burke Being a grandpa is more fun than working

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    Jan 2, 2010
    Mitten State

    Yep...I've been thinking of that as well.
     
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