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"Scott Vernon" wrote in message ...
You need to do some creative accounting. SV Indeed he does. Put the biz in your wifes name and get a minority businees loan that you will never have to repay. Market your service to companies as a minority company and get more business, companies get tax breaks for hiring minority business, That is if your a B2B biz. Get a tax break and hire women, and other minorities. Infact the govt will pay close to 1/2 of your workers salarys if you find the proper loopholes. One of the crewboats I ran for many years had a black owner and the boat was never off the job while many others sit idle. Most all large companies are require to hire a % of minority owned businesses. Dont fight the system use it! Buy a sailboat and put an office aboard. Great write off! A good CPA is a very wise investment. Joe "FamilySailor" wrote in message ... Actually both sides and the whole screwed up process has us all corn-fused. It ain't cut and dry and it can't be fixed. both sides make decisions based on what is better for their party and not necessarily the good of the people. I was just trolling and hoping to get a bite. hehehe _______________/)__________ I know my wife and I are being taxed out of business and having to work ourselves to death, because we can't afford to have employees, what with the fed. taxes, soc. taxes and unemployment taxes we have to pay on top of the wages just to be allowed to employ someone; not to mention our income tax, gasoline tax, license fees, tax on anything we buy, school tax, county tax, phone tax, fees on long distance and electric and internet and on and on. I had to get a second job, just so we hopefuly can pay the taxes we owe to run our own flower shop (this is my 3rd week at the job and it added even more of a burden on my wife, who is running the shop alone now) and that is no lie. You know the amount of taxes an all the withhold from your paycheck, well you are paying half and your employer pays the other half, so if you run you own business multiply that by (2) and you match what is withheld from each employee also. Ahhh... the American dream....... to support government programs....... |
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