Hello,I am new here and hope to get some good information from this site. Hope everyone is well. Please have patience with me, I am brand new to business. Even though I work a retail store, I don't know anything about the tax part.My husband and I are starting a small business in Tempe, AZ from our home. I have found how to get the Licenses and tax numbers needed, state and city. My question has to do with how to file the transaction taxes. Do we file like income taxes, only quarterly? Or do I file the transaction tax separately and pay the Dept of Rev the money I collected? If anyone could point out a web page that explains this part of business, or has a quick explanation I would greatly appreciate it. Thank you, NEW(my initials, not just that i'm a new member)
kmurray | Community Moderator |
12/15/2011 - 7:23 am
Hi,
Visit our section about taxes to get some answers to your questions. You can read about filing and paying your taxes.
We also have a section devoted to home-based businesses, including a part near the bottom of the page that addresses taxes.
If this is a new business venture, you may also find it useful to talk to a mentor who could offer you specific guidance.
Another great resource is SCORE, one of SBA's resource partners. SCORE is a nonprofit association comprised of thousands of volunteer business counselors throughout the country. They are trained to serve as advisors and mentors to aspiring entrepreneurs and business owners-at no cost to you! You can find your local office or set up an online meeting to chat with someone about your questions.
Visit SBA Direct to find your local SBA resource partners by entering your zip code.
kmurray | Community Moderator | 12/15/2011 - 7:23 am
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