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Old 01-29-2009, 09:36 PM
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Help with New Sole Proprietor tax deductions

I've recently just started record keeping for a sole proprietorship small business that is based out of a home with the use of a personal vehicle, I was wondering what all can be deducted on the income taxes to get the most back for the client? Also, I'm aware that self-employment taxes and quarterly taxes are required. How do I go about paying these taxes to avoid any penalties and how is it calculated on how much is owed?

Your help is greatly appreciated.



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