Originally Posted by blzzrdqueen
How often will I be paying these taxes, is it quarterly? I have a lot of questions! So please bare with me! Thank you ALL for the advice, I'll be looking into it all diligently!
NYS Sales tax is collected quarterly. You have to remember to do it - they don't mail the forms anymore. They like you to do it online so they get their $$$ quicker, but I'm still mailing the form and the check.
I found having the accountant set up Quick Books was invaluable. I know a little about bookkeeping, which makes me very dangerous. If you ever have to talk to the IRS, it will be a big comfort to know that your deductions are legitimate and correctly accounted for. I have equipment and computers, and nary a clue about things like depreciation and tax issues. I probably spend less than 15 minutes a day making all my entries.