Home-Based Business Tax Mistakes?!

Discussion in 'Accounting and Legal Advice' started by WhitePhoenix, Feb 13, 2006.

  1. workn momma

    workn momma New Member

    I have just recently started my own home based business. I've been wanting to do it for years now, but my one hesitancy has been fear of being audited for some reason. My fear is not because I'm dishonest, I'm just afraid I'm going to miss something, or not be filing correctly, etc. Has anyone out there had any issues with this, or am I just being paranoid?

    I mean, I'm pretty nervous about this whole thing and yet I'm doing it anyway, I feel like I'm going against my instincts, but I've read and heard of so many people doing well at online/home based business and I just have to try it for myself. Anyway, if you have any advice on things I may miss in regards to tax, or what to sit aside for taxes, that'd be great!
  2. pcwork

    pcwork New Member

    Get a good accountant, who will explain everything to you, then you will not face any problem

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