Let's Talk Business

EbbyC asked:


I am starting a small business. I need software to invoice and track payments, track income and expense and basically keep everything organized for tax time. I’ve read positive and negative on all small business accounting software, so now I’m really confused. Oh, my business is a service one, so I will be invoicing for hours not items, if that makes any difference. Can you please give me some advice?

mad4fashion asked:


I am going to start getting paid for housecleaning and childcare fo a woman and her children and she will be paying me by either cash or check. I want to be able to get financial aid so I would need to have an income tax return.

How can I file for taxes?
Is it a one time thing around tax time or do I need to pay taxes everytime I get paid?
I will not get paid much, and I have a child, would I have to pay a lot of taxes?