Need Tax Advice

[glass tek]

This is my first year in business and I have a couple of questions concerning taxes. Does the networks/insurance companies send out 1099 forms showing the totals each has paid to you? Not really sure what to expect. Also, has anyone used H&R to do their business taxes? A friend advised me to hire a PA.

[Dave M]

Yes, the networks will send you 1099's at the end of the year. I have my taxes done by a CPA, business and personnal taxes.

[GlassStarz]

There are a few things you can do to make things easier
Leased vehicles are a rental and all payments made are deductible plus milage the otherway you have to deal with depresiated value
Keep a checking account that is only buisness that statement at the end of the month will tell you everything you need from income to debits