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Out of context: Reply #14
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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 $5,000D. 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 taxesD. 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.