Small Business Sole Proprietorship Taxes
by JasminTEvans, Window Shopper
- Created: February 6, 2014, 3:27 am
I have everything else figured out, but I don't know exactly what taxes I need to pay. I know that with a Seller's Permit, the BOE is paid the Sales and Use Tax, but other than that, what tax(es) does my business have to pay? I don't have any employees (though I do have an EIN in case I do need to hire anyone), I'm selling primarily online (with occasional street fairs), and this will be a Sole Proprietorship. This business is going to stay small, unless it grows at an exceptional rate. Thank you for any and all answers. P.S. Please don't just tell me to go to a website to find the information. I have done that, but I have yet to find a clear and concise answer where it is just laid out in plain English.
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