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Thank you once again. :)

You can use cash basis if your annual gross receipts for the previous three years are less than $10,000.00.

Thanks jamesray50.

Just to be absolutely clear, it's $10,000 not $100,000 or...

Hello again :)

I believe I'm making some headway in figuring out my first year business taxes, but I do have another question I'm hoping someone can help me with:

My sole proprietor business is...

Thanks for the reply Freelancier.


What's the business structure

Sole proprietor.


But, really, you need to talk with an accountant instead of relying on free advice in forums.

Hi all, I have a *simple* question that there does not seem to be a simple answer for (not one that I can find anyway), I was hoping some of you who have "been there, done that" could help me out or...