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  Post #1 (permalink)   01-10-2013, 08:38 AM
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Join Date: Jan 2013
Posts: 7

Status: cparks1321 is offline
how do you all do your taxes in web hosting?

  Post #2 (permalink)   01-10-2013, 10:44 AM
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Location: Sudbury, Ontario, Canada
Posts: 42

Status: TekStorm - James is offline
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  Post #3 (permalink)   01-11-2013, 03:40 PM
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Join Date: Dec 2009
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Status: cynproweb is offline
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.
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  Post #4 (permalink)   01-14-2013, 08:05 AM
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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.
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  Post #5 (permalink)   01-14-2013, 09:29 AM
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Join Date: May 2012
Posts: 216
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Taxation will be different for each countries. Which target audience you are looking to focus ?
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