My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Starting a Business

How do I pay taxes when I work from home?

min read
Opinions expressed by Entrepreneur contributors are their own.
As a general rule, the IRS considers all income earned to be taxable (unless it falls under some kind of exception). Businesses generally need to pay estimated taxes quarterly, so you and your accountant need to work out a plan for taking care of that...especially as you're paid in cash.

Your bigger problem, though, is that you may be considered to be running a day care business without a proper license. It would be worth your time to speak to a local business attorney to ensure that you're not running afoul of any state laws or regulations.

More from Entrepreneur

New York Times bestselling author Nicole Lapin can help you pitch your brand to press and strengthen your media training.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur