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| Grumpy Old Pharts Board Gerritol, Ex-Lax, Immodium, Bad Breath - all requirements for the Grumpy Board |
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03-13-2007, 05:47 PM
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#1
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........
Join Date: Apr 2002
Posts: 22,805
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on the other hand you can offset this excise tax by declaring a room
in your house as an office and then claim the new laptop and printers
everything office related...even pens.
on your long form as a business deduction.
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even if you met say Cranium at Dunkin Donuts for coffee and donuts
to discuss a new prototypes wiggle.... wobble or color that can be
filed as a business luncheon (save every reciept by month) which is tax deductible.
including the gas you burned to drive there and back.
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03-13-2007, 06:08 PM
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#2
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Plug Builder in Training
Join Date: Apr 2000
Location: wareham MA
Posts: 4,047
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We go thru it every year. all fixtures , machines & inventory.
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03-13-2007, 06:23 PM
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#3
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Registered User
Join Date: Apr 2002
Posts: 5,945
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yep.. normal.. all forms of govt. stick their hands in yer pocket.. be it homeowner, business owner.. home based business.. save all reciepts, pay all taxes, be it excise, personal property,RE, income, Sales Tax.. etc. etc... ya never know when they will want to take a peak.. best to have all your i's dotted and t's crossed....
these days it pays to have a Good Accountant, and a Good Laywer.
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03-13-2007, 06:27 PM
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#4
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BigFish Bait Co.
Join Date: Apr 2003
Location: Hanover
Posts: 23,392
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Slip....thats what I figured! Thanks guys!  |
Almost time to get our fish on!!! 
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03-13-2007, 06:33 PM
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#5
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Join Date: Apr 2002
Posts: 22,805
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and of course
every time you go fishing.....
you can write that off as product testing
or research and development......
might be a good idea to buy a good
tax guide for entrepreneurs for
maximum deductions.
ok i'm done...
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03-13-2007, 06:53 PM
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#6
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Registered User
Join Date: Sep 2001
Posts: 7,649
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The simple answer is to move out of MA, it is downright hostile towards business. Towns, states and fed. IMO any company grossing less then 10 mil/year should not pay any corp tax. You can't harvest fruit if you don't let the plant grow....
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03-13-2007, 07:50 PM
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#7
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Registered User
Join Date: Nov 2002
Location: Cranston
Posts: 1,029
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Big Fish, its only because they know you are making money hand over fists, and they want their share.
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"Non temere mai Roma, il serpente rimane attorcigliato a Napoli!"
"Baci Mio Culo"
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03-13-2007, 09:22 PM
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#8
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Really Old & Really Grumpy
Join Date: Jun 2002
Location: not a clue
Posts: 4,860
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Quote:
Originally Posted by Karl F
yep.. normal.. all forms of govt. stick their hands in yer pocket.. be it homeowner, business owner.. home based business.. save all reciepts, pay all taxes, be it excise, personal property,RE, income, Sales Tax.. etc. etc... ya never know when they will want to take a peak.. best to have all your i's dotted and t's crossed....
these days it pays to have a Good Accountant, and a Good Laywer.
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amen to this quote....and you can add tax # and insurance to that. Doesn't this sound like a rehash of another thread not long ago? |
BOAT fish do count.
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