payday

Out of context: Reply #14

  • Started
  • Last post
  • 16 Responses
  • ********
    0

    i'm telling you all, hire an accountant. I did, and i pay them much much less than they save me.

    example 1:
    A.you make $100,000
    B.you pay roughly 30%, or $30,000
    C. you buy a computer for $5,000

    D. you end up with $65,000 and a computer.

    if you were to expense the computer, which most all of you can do, then it;s like this:

    example 2:
    A.you make $100,000
    B.you buy a computer for $5,000 and expense it
    C.you pay roughly 30% still, but you only MADE $95,000 so you pay $28,500 in taxes

    D. you end up with $66,500 and a computer.

    now, if you mess up or miscalculate, you go to jail. SO, just hire an accountant, pay them $200 and you're golden.

View thread