Suspended Ceilings
 

I've been thinking of starting a small business hanging suspended
ceilings. I'll be doing pretty much weekend work. No huge jobs as I
will be a one man show. I have never run a small business. I've hung
probably 15 ceilings for friends and family. I have all the tools, a
van, I'm good at it and enjoy doing it. I want to do this legally (pay
taxes etc...). I have been on a few sites (sba.gov is one of them) but
would like to hear from people also. Do I need a contractor's
license for this in Ma even if I am my only employee? I know that in
Massachusetts you are taxed big time but can write all of your expenses
off. I imagine that I will need insurance. Any tips, advise etc would
be greatly appreciated. Thanks!

Suspended Ceilings
 

business insurance today costs a fortune....

its gone up so much

Suspended Ceilings
 

Thanks!
I have not even looked at that but I figured it would.

Suspended Ceilings
 

wrote in message
oups.com...
I have been on a few sites (sba.gov is one of them) but
would like to hear from people also. Do I need a contractor's
license for this in Ma even if I am my only employee? I know that in
Massachusetts you are taxed big time but can write all of your expenses
off. I imagine that I will need insurance. Any tips, advise etc would
be greatly appreciated. Thanks!

You need a license, you need insurance. Since you are asking about expense
write off, you need an accountant for at least an initial consultation and
perhaps for your yearly taxes. You can write off direct expenses, but
trucks and some expensive tools need to be amortized. You will need
meticulous record keeping if you are mixing personal tools, office space,
telephone, with the business items. Keep in mind that you will be paying
self employment tax at the end of the year (double what your employer takes
out for SS tax)

You probably have to charge more than you think you do to cover all these
expenses and take home a fair wage.
--
Ed
http://pages.cthome.net/edhome/

Suspended Ceilings
 

Thanks Ed!

Suspended Ceilings
 

Suspended Ceilings
 

Ahh you want to specialize in just suspended cielings, and probably
small jobs.

while most potential customers will want someone to do say paneling or
other stuff for small jobs.

I have my own business fixing office machines, pia paperwork.

dont forget sales tax even if you dont charge it on your jobs of say
iots tax exempt theres still paperwork to do, the sales tax license
allows you to avoiid paying sales tax on stuff you buy

Suspended Ceilings
 

Thanks! Good advise!

Suspended Ceilings
 

wrote in message

dont forget sales tax even if you dont charge it on your jobs of say
iots tax exempt theres still paperwork to do, the sales tax license
allows you to avoiid paying sales tax on stuff you buy

Yes, if it is for resale or for use in manufacturing. Not everything
qualifies. The MA DOR does audit businesses also so keep those receipts.
It may be cheaper to pay the tax on materials and not charge tax for your
labor and avoid having to do the reports. Check the state laws to be sure
you are doing it correctly.