[Rev.Vassago]

Originally Posted by Cam

I thought all I had to do was figure out $a x 279 days = big ol' much needed write off.

Yes. Take the full days you were away (partial days can't use the entire amount), and multiply time $52. Then take that total, and multiply times 75%. That is your deduction.

Secondly, what does that daily allowance include besides food and drink? Seems like someone once told me it's a little more than that including showers, in which case I couldn't legally count those receipts.

The meal allowance is ONLY for meals. Showers can be deducted as well, if you have receipts for them. They aren't included in the meal deduction.

[Cam]

Well great, that's exactly what I wanted to know!!! A tax processing empire was built on less knowledge :lol:

[Rev.Vassago]

Originally Posted by Cam

Well great, that's exactly what I wanted to know!!! A tax processing empire was built on less knowledge :lol:

You can expect my bill in the mail. :wink:

[serbie]

Originally Posted by Rev.Vassago

You can expect my bill in the mail. :wink:

another tax deduction...

[Cam]

Originally Posted by Rev.Vassago

You can expect my bill in the mail. :wink:

Sure, just as long as I can get in on your IPO

[Dejanh]

My accountant charges 500 for my coorporation filing and 300 personal as i am the only employee of the coorporation so i payed 800 just last week but it was well worth it...

[Rev.Vassago]

Originally Posted by Dejanh

My accountant charges 500 for my coorporation filing and 300 personal as i am the only employee of the coorporation so i payed 800 just last week but it was well worth it...

Why even have a corporation with only one employee? Just wonderin'.

[Dejanh]

There are tax benefits involved and asset protection.

[Rev.Vassago]

Originally Posted by Dejanh

and asset protection.

What asset protection can you get from a corporation? From what I've heard, that claim is false.