I often leave work at the end of my day to go to drop something off at another business (point B), and from there continue home.
Can I deduct the work to point B mileage?
Can I deduct the point B...
Type: Posts; User: sshibby; Keyword(s):
I often leave work at the end of my day to go to drop something off at another business (point B), and from there continue home.
Can I deduct the work to point B mileage?
Can I deduct the point B...
So there really is no benefit to having an S Corp over an LLC and elect to be taxed as an S Corp?
Ok I wasn't intending on committing fraud. I'm in the process of learning and like I said I know business owners do these things. I want to do things right, no point in risking being fined etc. to...
What are the differences between being established as an LLC and electing to be taxed as an S Corp, and being established as an S Corp
i don't know any small business owner that doesn't write off things that could be a business expense even if they're truly not... i'm not saying i'm going to write off my car payment or my grocery...
I guess I was looking for help filling out the form. Specifically this section...
931
Are all types of equipment, machines, etc. supposed to be depreciated or are there some exceptions where you can write off the total value right away?
i'm saying if i go to walmart and buy cleaning supplies for home, then i can pay on the business and write it off as cleaning supplies for the business...
is there a reason i should have a way to...
I need to establish an S Corp in MA, any guidance appreciated...
So as a small business owner you obviously write off expenses that may not be truly a business expense, cleaning supplies, meals, etc.
how would you know what the business is truly making not...
My next question would be on paying myself. I assume I can do that without using a payroll service or software and just writing my a check or scheduling a weekly/biweekly transfer? How would I make...
I was under the impression that I only have to pay myself a reasonable salary for work that I actually do. If I don't work there I don't need a salary.
Although I will be the only regular...
My wife and I are purchasing a gym in a few months.
I think I want to open it under an S corp for tax purposes.
If the business is set up with me as the only owner would I be able to pay my...