Thread: Write offs?
View Single Post
  #12  
Old 12-21-2012, 05:43 PM
Smallaxe Smallaxe is offline
LawnSite Fanatic
 
Join Date: May 2007
Location: Central Wisconsin
Posts: 9,825
Quote:
Originally Posted by Kelly's Landscaping View Post
You get to deduct your payroll and if you are an employee of your company and your set up as a Corp then your salary is deductible. All profits and loses pass through to the owners. We often see a modest profit but then our accountant does his depreciation tables and we get some rather nice deductions passed through to the owners... .
As an S-corp. I was recieving notices from the FEds about health ins. for my Employees, even though we were 2 only...
This happened as soon as Obamacare was signed into existance... I killed the Corporation the very next week... I quit the tax business due to the headaches involved and I cerainly wasn't going to deal with the paperwork of Obamacare...
Sole Proprietorship is just fine, if done correctly...
__________________
*
Now that I know that clay's texture(platelets) has nothing to do with water infiltration, percolation, or drainage
,,, I wonder what does...
*
Reply With Quote
 
Page generated in 0.03617 seconds with 7 queries