Politics

Out of context: Reply #28972

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  • plash2

    plash 2Permalink
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    • is this for real? no deductible expenses on office expenses, travel, IT expenses. WTF.fadein11
    • well it's not as simple as that, but yeah it has a varying meaning for freelancersplash
    • also might be time to start that LLC before 2018.plash
    • I'm UK but if my business could not deduct basic running costs I would never have gone self employed in the 1st place. How does that help an economy?fadein11
    • You gotta help young start up entrepreneurs as much as possible to create a vibrant economy surely? I didn't realise it was this bad.fadein11
    • it's an american tax issue, so it's not small, simple nor easy to understand. shit might need its own thread.plash
    • oh trust me UK tax isn't simple. My brother's a partner in the biggest accountancy firm in the world and that doesn't help!fadein11
    • My wife and I have an LLC for a rental condo we own and freelance work I do. Have it mostly for financial safety should anything happen with the rental propertymg33
    • wait, UK taxes aren't simple. i thought you blokes just paid in crumpets and tea.. i simply have got to get out of the house more.plash
    • this affects all freelance designers in the US, especially those who work at homemonospaced
    • the fact that the votes for this were based on political party lines is disgustingmonospaced
    • Interesting, PBS says it's a boon for small business owners https://www.pbs.org/…robotron3k
    • @plash I know, was just explaining my situ. I still don't fully understand basic tax law even with my brothers advice (although admittedly he doesn't workfadein11
    • at small business level these days).fadein11
    • was being facetious; altho,i still be in trouble since i honestly don't know what a crumpet is.plash
    • robo, for "big small business owners" ... aka, not really small at allmonospaced
    • and those aren't people like us, who rely on writing off expenses for very small design businessesmonospaced
    • Don't worry robo, you'll be fine - i'm sure crayons and toilet paper will remain deductible.face_melter
    • The "Big Small Business" wording on that PBS link is really unfortunate. They should be doing a much better job explaining this and not just making up terms.R_Kercz
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