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| *Loan,banking and credit>>>business tax |
I started a small business at the end of the year, will I get a big tax return? |
I started a small business at the end of the year, will I get a big tax return? Not enough information to answer. Your refund will be whatever you paid in, minus whatever total taxes you owe. If your quarterly payments were more than you owe, then yes, you'll get a refund. If you didn't file anything quarterly, you'd probably owe. You say you started the business at the end of the year. So it might not affect 2006 much. What did you do the rest of the year? If you had a job earlier, then it depends on how much you had withheld there. Depends on the amount of your income minus deductions (expenses). Now that you have a business it is essential that you consult with and hire a Certified Public Accountant to prepare your taxes. Business owner for 8 years Yes, because you need to fill out a tax return for the business, and it will be a big one. No, you'll get a big return because your car is blue. One has nothing to do with the other. |
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