You could not deduct 100% of the tools purchased for the W2 income job on the LLC, they would have to be prorated. For example if you puchased an air compressor...
Since you have a full time job if you do not want to make estimated payments, you could increase the withholding you are having your employer take out of your c...
1.Do I need to pay quarterly estimated taxes? How much and when?
It would be helpful to pay estimated taxes.Here are the due dates for quarterly estimated tax p...
You would need to allocate between the two. For example: You use a computer for both. For business A you use the computer 45%, business B you use the computer 5...
It's common for sole proprietors to run multiple businesses from the same home office. The key is to correctly allocate your expenses between them. Here's how s...
