We've paid all federal, state, and local estimated taxes through the end of the year. Whew! Cash on hand is low, but we anticipate getting it all back over the next 2 months. And I finally filed the 3rd quarter state sales and use taxes too. That's after updating all of my bookkeeping in Quickbooks since July. And I finally learned how to write off bad debt too, thanks to this nice video. A local retail store that sold many local crafts and carried SleepPhones went out of business during this recession, so we are having to write off a lot of money.
Monday, November 9, 2009
Taxes
We've paid all federal, state, and local estimated taxes through the end of the year. Whew! Cash on hand is low, but we anticipate getting it all back over the next 2 months. And I finally filed the 3rd quarter state sales and use taxes too. That's after updating all of my bookkeeping in Quickbooks since July. And I finally learned how to write off bad debt too, thanks to this nice video. A local retail store that sold many local crafts and carried SleepPhones went out of business during this recession, so we are having to write off a lot of money.
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