How do you figure your taxes for your home daycare business? -

I am starting my home daycare business and dont want to get into any legal trouble. i know there is a self employment tax due 4 times a year (social security and medicare) income tax due at end of the year what other taxes are therehow do you know what to set aside for taxes? do you get somewhere like h R Block to do your taxes for you?someone told me to just set aside 25% of my total income and that would be plenty to set aside. do you find that to be true I am in texas if that helpsalso what items do you get tax exempt on and if you filled out a tax exempt form and didnt pay taxes for a certain item doyou still need to claim that receipt at the end of the year? I could use some advice.

1. You get licensed.2. You save all receipts including a log of any miles you think are for business.3. You HIRE someone to do your taxes for the first year--you will be claiming use of home and depreciation and these must be set up correctly.4. 25% probably is NOT enough for taxes. Your net earnings are taxed at 15.3% for self-employment tax and then taxed again as income tax. Income tax has tax brackets from 0,10,15,25,28 and so on.