taxes

[cparks1321]

how do you all do your taxes in web hosting?

 

[TekStorm - James]

As dictated by local municipal, provincial, and/or federal laws.

 

[cynproweb]

I pay them. Its better than having the tax man banging down my door during an audit asking me to explain the undeclared income!

You best bet is to get a tax accountant to take care of it for you if you can afford it. If not, you can do them yourself and pay a tax accountant a smaller fee to consult on certain things as opposed to paying a much larger fee to prepare them in full for you.

 

[clauuudiu]

Depending on your business legal status, in my country you are able to declare an average income and pay a trimestrial tax according to that. This way you know that you have to pay a fixed tax.

The good: if, in a month / trimester you earn a bit more, you get to save some money.
The bad: if, in a month/trimester you earn a bit lower than you declared, you still have to pay taxes for the full declared ammount.

P.S If your income is below a certain ammount, it's not compulsory to hire an accountant.

 

[MilesGeek]

Taxation will be different for each countries. Which target audience you are looking to focus ?