Tuesday, September 30, 2008

Tax Filling

We have learned our lesson well from last year, we didn't take care of our G.E. tax and we were hit with penalties. This year we are trying to file it quarterly, and today is the 30th and falls on the the 3rd quarter of this fiscal year so it simply means another tax payment, bad news is we have to pay tax more than a thousand this month, good news is next year we don't have to worry of our tax payment amount filed up and hit with penalties. We are just thinking that we are paying an invisible sedan car because that's the amount of our tax payment for last year, 1 imaginary sedan car payed in full in just a year.
Lesson learned: When you have your own business even how small it is, better take care of your taxes quarterly of that fiscal year or you will be surprise how big is your tax when you file it annually plus penalties.

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