Friday, January 18, 2013

tax season

What could be more fun than taxes.  Even better, what could be more fun than trying to do taxes for the first time for a new business.  As if trying to organize piles and piles of receipts wasn't bad enough, trust me the yearly IRS taxes are just the beginning.  The new year also brings with it;

end of quarter town taxes
end of quarter TTB taxes
monthly state sales taxes
ABC virginia annual permit renewal fee tax
insurance renewal ( not tax but feels like it )

all these on top of standard operating costs.   Can you say ouch.  I can.  If I could give myself advice, I would say,  "I hope you didn't think starting a business was gonna be fun."   or even profitable.  

I would compare it to having your finger nails pulled out with a pair of rusty pliers in a hot tub full of acid while be forced to watch Glee.  

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