Posted by (+1526) 9 years ago
Nothing more needs to be said.
tax dodger wrote:How much debit can we carry before it worries you ? If we raise taxes on anyone making $250,000 or more the small business owner gets hit hard.
(2) A smart "small business owner" will set up a C corporation or an LLC, run a bunch of personal expenses through said corp, and pay himself a reasonable salary. It's amazing what constitutes a deductible expense these days. Problem solved.
Wendy wrote:An smart small business owners will not attempt to run personal expenses through their business. The IRS takes a dim view of that and audits those types of returns more frequently. There are lots of legitimate business expenses, no need to fudge the numbers.
Wendy wrote:THANKS FOR THE HELPFUL CRITICISM, GUNNAR. I WILL TRY TO DO AS YOU DO AND RESTRICT MY COMMENTS TO WITTY BON MOTS.
tax dodger wrote:Was on CBS that if debt is not addressed will put us back into a recession.
A planet free of old angry white men!