Blogging, Writing, and Publishing

A word about taxes. When working on your business, make sure that you are prepared to conduct a lot of administrative tasks to include paying taxes. For federal taxes, this means filing quarterly estimated taxes. This quarterly estimated tax depends on your total income all your sources of income including full time jobs and businesses. This tax is also figuring FICA, Medicare and any profits your business earns (total sales minus expenses). Managing taxes is sometimes and easier endeavor when filing as a sole proprietary entity, especially where state jurisdictions are concerned. In these cases, tasks will pull you from your primary business roles to handle mundane but important administration. So, before you decide to form an LLC or other incorporated entity, do your research up front. For example, I just recently converted my business into an LLC. Red Bike Publishing, LLC has a new structure and is expected to maintain that structure according to the Alabama's State D...