Someone told me today that if I don’t file my quarterly taxes for my llc partnership then it’s illegal. Is that true? small business |
- Someone told me today that if I don’t file my quarterly taxes for my llc partnership then it’s illegal. Is that true?
- Best automation tool for gym owners
- Don't Leave Your Ideal Customers In The Wind: Find a niche or Suffer
- I mistakenly put my wife as a partner in my LLC and my accountant said it was probably a bad idea, can I take her off without dissolving the LLC?
- Need advice on food van
- Protip: How to downgrade Quickbooks online without calling
- Do's and Don'ts of starting a Retro Gaming Cafe
- I was a freelancer in a collective with my two roommates. We split everything equally and have worked this way since we moved to LA together after high school almost 8 years ago
- I’m considering employing a social media management company for my afterlife pet care business. Is this a sound marketing strategy? If yes, what questions should I be asking before purchasing?
- How much should I offer land owners to rent a small portion of their land for 4 months?
- We provide high-quality, low-cost beauty and personal care products for retailers.
- How do you learn skills about entrepreneurship?
- First year of success in business, I owe a TON in taxes. Did my account screw up?
- Any recommendations on marketing consultants?
- What is fair compensation for this small business president?
- May need to step away from my business for up to 2 years. What should i do?
- Tax nightmare
- I’d like to offer healthcare to my employees
- Which is better for my business buying a brand new or second hand? For additional units
- Packaging vendors needed
- So I'm a little lost...
- How to change Alternate Business names?
- Best way to deduct company car for employee
- POS recommendations please
| Posted: 03 Apr 2019 06:44 PM PDT |
| Best automation tool for gym owners Posted: 03 Apr 2019 11:56 AM PDT Last week I asked the community here what's the best tool to run personalised workout programs. First of all, thank you everyone for your replies and suggestions! I tried the most promising of the mentioned tools and here's my feedback. I thought the other folks here might find it useful, so sharing it publicly here. Let's start with the winner. Paperform received the most upvotes, and I must say — for a good reason! That app turned out to be pretty intuitive and I was able to quickly set up everything that I'd wanted to. This weekend the first couple of gym clients were able to submit their goals info and photos using a form. Depending on their choices, they're receiving personalised email sequences — it was very easy to set up using Paperform <> Mailchimp integration. I'm also planning to start using Paperform for all the other forms on my website. TrueCoach was another very interesting app suggested. It's got some great features, but I must say it's quite pricy. I've recommended that app among my coaches network, will see in a couple of weeks if any have started using it. Fitlab wasn't what I was searching for. Thanks again and cheers [link] [comments]  |
| Don't Leave Your Ideal Customers In The Wind: Find a niche or Suffer Posted: 03 Apr 2019 03:42 PM PDT Not having a niche can be brutal on your pockets and business; trust me I know. With my struggles & triumphs I have learned some small skills to be profitable online by finding a niche. http://vay-kanytime.xyz/find-a-niche-in-the-market-you-are-joining/ HERE IS A CHECKLIST TO FINDING A NICHE NOW:
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| Posted: 03 Apr 2019 08:25 PM PDT My accountant wasn't sure if I would need to dissolve the current LLC and recreate a new LLC or if I could simply fill out a form and pay a fee to get her off of it. [link] [comments]  |
| Posted: 03 Apr 2019 10:16 PM PDT Looking to buy a food van to sell our baked goods out of and not sure where to start. Everything is made and packaged at a commissary so we don't need much on the van, except maybe a small fridge for cartons of milk and maybe pre-packaged ice cream. It's really just a place where our customers can regularly get our baked goods since we don't have a b&m. Right now we sell wholesale to cafes and restaurants and do orders for local delivery or catering. Anyone have experience with food vans/trucks that could give us some insight? What kind of vehicle is good to start with for what we're doing? We would like to be able to maybe stand up in the back and sell from a window. Any advice would be greatly appreciated! [link] [comments]  |
| Protip: How to downgrade Quickbooks online without calling Posted: 03 Apr 2019 07:20 AM PDT Hi folks, If you were automatically upgraded to Quickbooks Advanced, without permission, like I was. You'll notice there is no way to downgrade your subscription. Clicking the "Downgrade" button pops up a message to call intuit to discuss their plans. When I called Quickbooks, they walked me through downgrading..... by signing into QBO, and then typing in a hidden URL in my browser to get to the plan options (talk about shady!) the URL is: http://qbo.intuit.com/app/changeplan So if anyone else runs into this, you can save the pushy sales call. [link] [comments]  |
| Do's and Don'ts of starting a Retro Gaming Cafe Posted: 04 Apr 2019 02:16 AM PDT I've had the idea of starting a Retro Gaming Cafe for years and am finally feeling (just about) mature enough to start looking into making it a reality. The main issues I'm worried about are: The fact that I've seen so many places- at least in my home town- last no longer than a handful of years, tops. It's a heavily touristy town, where most of the local businesses make a killing in the summer and other holidays, and then they're absolutely dead in the winter. I tell myself that the thing I'd do differently is making it an actual cafe focus with retro gaming- rather than vice versa, where the focus is gaming with a tiny snack bar. The location thing isn't the end of the world as I have two cities- Exeter and Plymouth- either side where I feel they might thrive better being in a bigger city, both of which have their own large uni. The only other thing is career-wise: I am a passionate gamer and have collected a fair share of retro games and consoles over the years...but primarily I'm a web designer. I haven't had any cafe experience in a good number of years. I know it'd be pretty easy to pick up again, but there's a big difference between working in a cafe and running one. Long ramble short, i guess i'm asking around to see if anyone has done something similar with setting up a retro gaming cafe in the UK and have any tips for what does and doesn't work? Many thanks in advance! [link] [comments]  |
| Posted: 04 Apr 2019 02:05 AM PDT Everyone told us that it will cost us less to run everything through an s-Corp instead of 1099'ing each other every year. We did piles of research but turned up very little that applies to our situation. We ended up filing as an s-Corp and the deeper we get we realize the more expensive it is and are having a hard time seeing how this is going to pay off. Do you all have any advice our guidance here? Thank you so much! [link] [comments]  |
| Posted: 03 Apr 2019 04:33 PM PDT Long time lurker, thanks for all the quality discussions. I'm in my 4th year owning a pet cremation alternative business. Other than google CPC we haven't seen much ROI from conventional marketing media. Have received social management proposals ranging from $100-1,500+/month. My staff and I have neither the time nor skill set to manage this adequately. Any advice would be appreciated. [link] [comments]  |
| How much should I offer land owners to rent a small portion of their land for 4 months? Posted: 03 Apr 2019 02:19 PM PDT So I plan on opening a tubing/transportation service. So far everything is going smoothly besides locating land to set up shop. So far I've emailed land owners and real estate agents requesting to rent land for 4 months over the summer at a price that the owner of the land feels comfortable with. Of course, I've added that I have the necessary licenses, and permits and even added that a portion of profits would go to an organization which monitors the river or of their choosing. But I'm either not getting any responses at all. Or quick "not interested" replies. I'm thinking money talks, so I'm trying to figure out a reasonable amount to pay monthly. I would need about 800-1000 square meters of land (or enough to fit 3 tractor trailers and about 40-60 parking spots. I'm about 6 hours away from a company called "fall city tubing (WA)" and am expecting the same customer size as them. All of the land around this river is huge farmland, some of which appears to not even be utilized so it's not like I'm asking small suburban land owners these question, but I still understand that they have stuff going on as well. Basically, I'm trying to figure out the best approach to this situation because so far I'm failing miserably. As I said before, everything else is figured out besides this very imported detail. Any advice is welcomed! [link] [comments]  |
| We provide high-quality, low-cost beauty and personal care products for retailers. Posted: 03 Apr 2019 11:29 PM PDT If you have interest,please feel free to contact us. yinlina666@gmail.com [link] [comments]  |
| How do you learn skills about entrepreneurship? Posted: 03 Apr 2019 11:19 PM PDT Early startup founders, wannabe entrepreneurs, newbies; there are a lot of things about starting a new business that one may not be skilled at. You can always do on your own and learn from the experience. But, there may be some basic stuff that can be learnt from some other sources so you dont have to re-invent the wheel. What is your most favourite way to learn about entrepreneurship -
To what extent this method has worked for you? And hasn't? [link] [comments]  |
| First year of success in business, I owe a TON in taxes. Did my account screw up? Posted: 03 Apr 2019 10:32 PM PDT I live in California and own a sole prop business while working full time for someone else. I reported a W2 of $82,000, claiming zero and a PNL statement of $60,000 profit. This is the first time I've turned a profit in my business and I've been slapped with $19,000 in taxes. $3,335 to the state and the rest to the IRS. He explained to me there's a "self employment tax" of $7000 and then I owe 24% of my profits in taxes coming out to $19,000 and change. I'm single He explained this to me numerous times although I still can't wrap my head around why I owe so much. Is this self employment tax true? I expected paying taxes on $82,000 W2 would help but I guess not? He is suggesting I stop contributing to my Roth IRA and open up a SEP IRA. He did some calcs and says if I contribute $9,000ish to a Sep IRA for 2018 it will lower my taxes owed by $4,000. Is something not adding up here or is this just how it is to be single and make good money? I've always heard people bitch about taxes when their single and make good money but shit, this really hurt. If everything ads up, how can I reduce taxes? Spend more and show less of a profit? Get married? I just bought a house this March so I'm hoping that will help somehow. Any advice is appreciated. Thank you! Edit: he also advised I turn my business into a S Corp ASAP [link] [comments]  |
| Any recommendations on marketing consultants? Posted: 03 Apr 2019 02:02 PM PDT Preferably in fine arts. After my last business went tits up I've decided that I need adult supervision before I try again. [link] [comments]  |
| What is fair compensation for this small business president? Posted: 03 Apr 2019 01:39 PM PDT Would any business owners like to take a stab at what you would consider fair compensation for a small business "executive" in the scenario below? ("Executive" in quotations because this is a small business with about fifteen employees, so "executive" is a stretch. It's a very hands-on position.) - The business is an eCommerce company. The president has been an employee of the business for three years. He was hired as a general employee and then made president towards the end of the his first year with the company. This was his first job out of college. - Sales in the few years before the president took over averaged about $2m (the company's original business had declined and the new business units hadn't taken off). Through the president's endeavors (across all aspects of the business, with a focus on sales/marketing), sales climbed to $4.8m the following year (net income of around $400k) and $6.2m the year after (net income of about $800k). Sales this year are on track for around $8m with a net income of $1.2-$1.5m. The net income numbers are after all current compensation. There is plenty of evidence to make the case that this growth was the direct result of the president's strategy / hands-on execution. - The company's founder/owner is a senior citizen and mostly inactive in the business, though he retains the title of CEO. What specific compensation structure and amount would you compensate the president in this scenario? (I am the "president" in the scenario and am wondering if I'm a sucker for what I've been accepting. I wrote it in the third person so that it might be an interesting exercise / example for people.) Thank you in advance if anyone wishes to take a stab at it! [link] [comments]  |
| May need to step away from my business for up to 2 years. What should i do? Posted: 03 Apr 2019 02:55 PM PDT I own and operate a small landscaping company in New Hampshire. Recently, situations have arose that are requiring the majority of my attention and time outside of my business. While a handful of people have told me to close down shop to deal with these situations, I have worked too long and too hard to get my business and get where I am in the business with the client base that I have. However, I will need to be gone for at least a year maybe 2 max. Is it feasible, and reasonable, to hire an employee in my place to preform all the work knowing full well that I won't be there like 90% of the time? To further complicate matters, my business makes enough money for a single employee, so whoever I would hire would essentially be taking home the majority of what the business makes so I would have to find a regular 9-5 job. Has anyone been in or happened across this type of situation before? Should I close the business down and try to start again when the time is right or hire someone to work the business for me until I come back? [link] [comments]  |
| Posted: 03 Apr 2019 04:17 PM PDT I have a tiny small business (I do craft shows ) Last year I made about $2200. I just got a notice from the state of Ohio demanding 3k in taxes! What can I do?! [link] [comments]  |
| I’d like to offer healthcare to my employees Posted: 03 Apr 2019 06:17 AM PDT I'm at the point where it's time to give back. I'm not done paying off the debt I inherited but I'm making record profits consistently and I'd like to bring in healthcare now. I think I could get everyone lower cost plans but I don't know much about business healthcare plans. I was going to do it before trump got elected but I thought for sure ACA was a goner. So I stopped that and it looks like it's here to stay. Anyway I have my own cheap, only catastrophic, healthcare from ACA that's about $300 a month. I figure I can put myself on the companies plan as well as my guys. I have usually about 12 guys. Any tips and advice? [link] [comments]  |
| Which is better for my business buying a brand new or second hand? For additional units Posted: 03 Apr 2019 07:44 PM PDT My business is gaming console. Im planning to buy an additional units. Im open for suggestions. Thank you EDIT: gaming console rental service [link] [comments]  |
| Posted: 03 Apr 2019 07:32 PM PDT Does anyone have recs for fair priced packaging vendors other than uline and papermart? [link] [comments]  |
| Posted: 03 Apr 2019 06:25 PM PDT Hey so I created a clothing brand not to long ago and now I'm just lost. It's me and my friend and we dot really know what we are doing we have maybe 30 - 40 sales and mostly friends and family. The main thing for me is I just dont know what to focus on especially on a daily basis. I want this to work but when I tell my friend hey lets work on wilder we brainstorm for 30 minutes on what to do... I just dont exactly know what I can be doing on a daily basis to grow and expand and further the company... any help, feed back, or advice would be amazing. Feel free to ask as many questions as needed cuz Im gonna need the help! thanks again. heres my site: www.wilderclothingco.com [link] [comments]  |
| How to change Alternate Business names? Posted: 03 Apr 2019 06:05 PM PDT I set up my LLC a few years ago, and then proceeded to get married, move out of my parents place, buy a condo, and change careers all around the same time. It was a bit of a false start, but now I am ready to get back into it. I have now decided that I would like to change the alternate names to fit better with my new direction, but all I can find is how to change the trade name. Is there a way to adjust the alternate names without filing a new business license? P.S. this is out of Washington State. [link] [comments]  |
| Best way to deduct company car for employee Posted: 03 Apr 2019 05:51 PM PDT Preliminary disclaimer: I am going to discuss this with my accountant, but wanted to get some outside opinions. I have an employee for whom I want to purchase or lease a company vehicle. What is the most tax efficient way to do so? Lets assume it will be used 100% for business. Lease it and deduct the full payment? Buy it? [link] [comments]  |
| Posted: 03 Apr 2019 05:35 PM PDT Buying small bookstore, currently doing $80k gross. Inventory is 15,000ish books both new and used. We have trade accounts and about $70k in credits to various customers. About 85% inventory is used books, 10% new books, rest is tourist/regional vinyl, games, cards, etc. Need to sell online as well as through one register in store. Currently using Booklog in the bookstore, I'm using Square in a non-retail business I also own and no POS system in another non-retail business I own. This is my first jump into retail, so all advice is appreciated. Thanks! I had another thread complaining about Booklog licensing fees, but deleted it b/c this is probably more productive. [link] [comments]  |
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