I'm self employed with my Pest control business can I pay my taxes yearly?
I just started my pest control company last June. Its just me ( no other employees ) and was wondering if I can pay my taxes yearly rather ten quarterly? Also what other taxes or fees do I have to pay? www.asapest.com
Asked By: Cool PR - 6/11/2008
Best Answer - Chosen by Asker
There is no option to pay Estimated Tax annually. But you may be able to avoid estimated tax payments if (1) you have no taxable income (many start-ups experience this their first few quarters in business) or (2) you withhold the bulk of your tax liability through some other means (e.g., from the paycheck you get from... More
Answered By: hrtaxlaw - 6/11/2008
Additional Answers (1)
Yes, you can. But is that the correct way of doing it? No. I know of some small business owners who pay their tax once a year....and of course, they must pay a penalty. but they tell me that the penalty is cheaper then paying a tax preparer 4 times a year.
Answered By: viajero_intergalactico - 6/12/2008
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Shop Online or Sign Up To Sell AVON & Earn Fast Cash Today!
Click. Search. Apply. Free!
Free for Job Listers and Job Seekers!
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.