Quote:
|
Originally Posted by ekaz
Thanks for all the info. I'll probably just file where I live (Illinois) since filing somewhere then registering here is way too involved for me right now. Just looking to get it setup so I seperate the business from personal. As for type of work, mostly computer stuff (repairs,upgrades,consulting,etc.). However, I also do some auto detailing and electronics on the rare occasion.
I forgot to mention in the original post, I'm also looking for a new CPA for both business and personal, so if anybody has any recommendations, please send me a PM.
Rangerfan: Thanks for that link, I'll probably go that route, it'll be easier.
|
Glad to help. Make sure to track all of your business expenses, keep them organized, and make use of the deductions available to you. You should disucss all of this with you new CPA, but the expenses add up fast and by the end of the year you are talking real $! 
You can also start some retirement funds with the new business when you have some income. It's always good to put away pre-tax $ !!
__________________
-----
-'13 E93 M3 Cab, Interlagos Blue, Carbon Black leather, DCT, all options, and fun, endless fun!
-'13 X5 35i M-Sport, Carbon Black & Cinnamon, Dinan Stage 2!
-'15 Toyota Sienna Limited Premium AWD, Silver & Grey, Nav & BluRay, and less lame than the 2011 it replaced
-'07 Mini Cab S, Laser Blue, 6sp, endless fun that ended (sold)
-'04 X5 4.4i, loaded, loved, modded and sold
|