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As I'm doing my research for starting a business for the first time I'm getting a little concerned about how to prepare my 2006 taxes next year. Getting an EIN, a resellers ID, a business checking account, etc. is easy enough but I want to make sure I do my taxes correctly.
Up till this point I have always done my own taxes without the help of software. I have no problem with using software to do them but have never needed it. The use tax and sales tax is what's really intimidating me. What information will I need to do my taxes correctly? If I was to get a TurboTax or something like that would that step me through everything for my state (CA) and federal taxes pretty easily?
Even though this is a small, one-man, startup operation I want to run it precisely and professionally. I want to keep good books and prepare accurate taxes. Can someone recommend some books or websites that would be useful to get a handle on everything?
Yikes.
Up till this point I have always done my own taxes without the help of software. I have no problem with using software to do them but have never needed it. The use tax and sales tax is what's really intimidating me. What information will I need to do my taxes correctly? If I was to get a TurboTax or something like that would that step me through everything for my state (CA) and federal taxes pretty easily?
Even though this is a small, one-man, startup operation I want to run it precisely and professionally. I want to keep good books and prepare accurate taxes. Can someone recommend some books or websites that would be useful to get a handle on everything?
Yikes.