Wednesday, May 26, 2010

Women's Start-up Checklist

I received an email offering a checklist for women starting up a business. Essentially it says get your permits, registrations, etc, first. Of course, I politely disagreed. There is another link to another article by one Carol Roth that does make the point customer first.


But I read a link to another article, in which an expert said "'State taxes paid are a healthy deduction; just don’t allow yourself to be surprised by how high Uncle Sam’s bill may be. “I often advise setting aside 50 percent of net income to cover everything,” Wherley says. “If there is something left over, the refund is that much sweeter.”"

Yikes! To be a deduction, state taxes must be paid. Shouldn't the first question be, why are there state taxes, what do we get for our money? And then, the same question should be asked of the feds. As to taxes, the best advice is comply and complain. We need more on the complaint side.


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