Reddit reviews Small Business Taxes Made Easy, Second Edition
We found 1 Reddit comments about Small Business Taxes Made Easy, Second Edition. Here are the top ones, ranked by their Reddit score.
Definitely I recommend going to a tax pro. There are plenty of online articles on "how to choose a tax professional."
One option available to you is that you can do a Qualified Joint Venture. Basically, this means you do a Schedule C, one for each of you, and you just split the revenues and expenses.
Definitely get educated Tax Mama has a good book for the self-employed (I haven't read it but she is a trusted source of information). She also has a website that describes taxation in a more plain language.
Get into good bookkeeping and tax compliance habits now. Self-employed individuals tend to shoot themselves in the foot when they don't bother getting educated on taxes. It's boring, but it can make a huge difference on your profitability.
The fact that you are on here asking questions is a very good sign. Good luck on your business, I'm sure you will do great!