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#1
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Next new toy/tax writeoff!
Toy to come
It looks like I'll be inheriting the photographer position at the hot air balloon company I work for, not a bad gig, it is separate from the company its self, so self employment and a good bit of extra income that requires a few tax writeoffs each year, I guess that new mac I have been drooling over will come too!
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.Karl. Southwest members, click here to check in!CA,NV,AZ,UT,NM,OR,CO Wanted...your busted SVX! Watch out Earl, I'm comin to getchya Return of the Pissed Platypus! X2 My dream (other than a pearlie) 1.8 SVXi and a laguna blue spoiler...somewhere I decided to quit drinking, but I didn't like it so I quit not drinking. |
#2
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Taxes
As self empoyed it is true that you can write off a lot of things, but there are also potential problems unless you follow the laws. Make sure you pay your self employment taxes (Social security taxes--15 per cent of profits). That of course is added to the normal income taxes.
Lee
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SVXx2 92 SVX LS-L Silver 92 SVX LS-L Burgundy (structurally challenged with 2792 miles) 96 SVX LSi Red 92 SVX LS Pearl (Parts) 01 F150 4X4 Red (+6 with other members of the family) FREEDOM IS NOT FREE |
#3
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You mean socially skrewed tax? that is the reason I like to write as much as possible off I can live on bread and water under the 3rd St. bridge if need be
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.Karl. Southwest members, click here to check in!CA,NV,AZ,UT,NM,OR,CO Wanted...your busted SVX! Watch out Earl, I'm comin to getchya Return of the Pissed Platypus! X2 My dream (other than a pearlie) 1.8 SVXi and a laguna blue spoiler...somewhere I decided to quit drinking, but I didn't like it so I quit not drinking. |
#4
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Quote:
KNOW their rules, and USE them to your advantage!! You really need a good accountant to make it work best. ( and he's deductable), Most of the past,"major investments", in my business were between Christmas and New years eve, to take advantage of the tax breaks.( and I keep my 'day job'), and run those investments against my income, for the tax breaks.. Jerry
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I'm not a REDNECK! I am an Appalachian-AMERICAN!! "Can't go to work today. The 'voices' said to "Stay home and clean the guns". Most famous Red-Neck last words... " Hey Everybody, Watch This!!) http://s306.photobucket.com/albums/nn272/subi-crosser/ Jerry |
#5
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On a side note, that is one good looking Nikon camera!
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Robert Is Bush in jail yet? (Looks frantically at watch, then back up) How about now? Now? Come onnnnnn...... Someone freeze me until January, this wait is killing me. Update: 09 January, and still not in jail! Wassup?? 1992 Teal LS-L - 160k (Now new and improved with perfect paint!) |
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