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Forum nameStartup Stew
Topic subjectStartup costs - planning for taxes
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=119&topic_id=2166&mesg_id=2166
2166, Startup costs - planning for taxes
Posted by sweatman, Thu Dec-16-10 08:21 AM
I am starting a graphic design business from home, which utilizes very few expenses. I do need to estimate what percentage of our billing should be put aside for annual taxes. Does anyone have a ballpark figure? Say if we charge a client $1000 for a job, how much should we set aside for federal and state income tax? $200? $250? $300?