My very small indie record company recently sold a whole bunch of product to a distributor? Way, way more than I ever expected! http://www.CharlieDoesSurf.com
It?s gone from my garage hobby to significant business income in ~3 months. I want to be above-board all the way, so I want to make sure I don?t get penalized for not paying sales taxes in advance ? but I don?t know the California or Federal laws. This is the first time for me. Can you advise me where to go?
Jeffster?s answer below is a non-answer. Businesses have to pay estimated taxes in advance.
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