Tax Write Off!!

[YerDaddy]

PBS Tax & Bookkeeping Service

That is all.


Served me well for 12 years. Expensive but worth it. When he whittles down my taxable income it looks like I'm living in poverty. And I don't miss a deduction either.

[allan5oh]

Using all deductions, especially business related, is not hard. Simply add up all receipts and plug them into the correct spots.

What is hard, is tax planning. When should you buy this, when and how do you depreciate, should you incorporate, etc...

[YerDaddy]

Using all deductions, especially business related, is not hard. Simply add up all receipts and plug them into the correct spots.

What is hard, is tax planning. When should you buy this, when and how do you depreciate, should you incorporate, etc...

What's hard? If you need it, buy it. If you don't need it, don't buy it. Making unnecessary purchases just to create a tax deduction is poor financial practice.

Depreciation is decided by my accountant. It seems he stretches everything out 5 years. He gets my taxable income so low a quicker depreciation schedule would be a waste.

Incorporation is just a PITA. Unless you have a fleet or plan on getting sued.

[allan5oh]

Actually incorporation isn't just a PITA, especially for Canadians.

[Kevin0915]

A Bajillion zillion dollars !!!!

I project that another new O/O with NO BUSINESS skills will soon go down the drain....:rolleyes:

dude...i should really make a bet with you. i will make your house payment for 2 months, if you can go that long without being a hater. Most every post i see you make, you do nothing but trod on someone's opinion or someones dream.

how about, instead of sounding like your dad, telling you how you'll never amount to anything, offer some freindly constructive advice.