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?
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