Archive for March, 2010
ex: I bought a cpu in 2005, now it is used solely for my business which i started in 2006, can I claim it as a business expence for the 2006 tax year?
Hope Khounborine
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In his former defence force job he had been allowed to use the company card for personal expenses as long as it was repaid and he had assumed it was the same at Sydney Ferries, he said.>>
For example if some ******** ICAC person was coming after you, wouldn’t you perhaps run up a lot of “personal” expenses seeking legal advice ?
Wouldn’t these be “business” expenses also ?
Marc Aumann
My family needs to move for health reasons. My daughter has asthma and the area we live in has an ozone problem. My company doesn’t want me to leave and has offered to do something to cover my costs to have a place here during the week and fly home for the weekends. Since I am salaried and typically work a lot of hours during the week, the first option proposed is to pay overtime for the hours that I normally work anyway. This is fine with me but I do not know the tax implications of such a situation. Would I be better off asking for a stipend or having the company pay for everything or does it matter one way or the other?
Thanks
Jack Grant
When filing you tax return, do business expenses just help to relieve federal tax responsbility, or is state tax responsbility included as well? Thanks!
Rick
As an website host, under what section is the best place to claim our web hosting costs for the business. For instance, servers, bandwidth, etc. What is the best way to describe these expenses?
Do company internet, phone, and fax expenses get classified under Telephone Fee’s and charges – or should they be broken out?
To clarify, these expenses are about 1/4th of our total revenue.
About $8K of $36K.
$7954 Computer Server and Internet Bandwidth
$1623 Phone, Fax, and Internet Services
It seems important for us to classify these right.
Ferdinand Ravens
Can I write off business expense accured before i file for a business license?
example-i need a computer to start a business but i dont want to file for my business license untill i have enough material to launch my business. so i end up accuring a bunch of business expense before i officially become a business
Kim
i am a musician, with my dba for almost a year. when tax time comes around, how should i go about filing them? can i write off my business expenses, such as CD’s, my laptop, my microphone, and everything else that helps with my business?
god bitches are dumb
Jeff
Strippers do not pay taxes on tips, so shouldn’t the tipper get a tax break as well?
Michelle
I had two separate sub contractors work on projects for me. One was for $300 and the other person helped out for $500.
According to people I’ve spoken to, they said i wasn’t required to send out 1099s since the amounts were under $600 separately, but also for myself, i wasn’t sure if i could write off these as business expenses or not.
Rich Dekruif
I have business expenses I want to deduct on my taxes, such as start-up expenses and travel costs necessary for securing suppliers and customers.
If I started my business on December 2008, then how far back can I deduct my business expenses? 2007? 2006? earlier?
Grover Spanski