Archive for June, 2010
dreamweaver asked:
I want to build a dog park and have dog kenned and I am not sure on what all the insurance and the cost of everything and what kind of business credits I can get as far as loans. My credit isnt all that great but we have some money in savings.
Odell Lecocq
I want to build a dog park and have dog kenned and I am not sure on what all the insurance and the cost of everything and what kind of business credits I can get as far as loans. My credit isnt all that great but we have some money in savings.
Odell Lecocq
mark asked:
Already own one restaurant, gonna open second one. I decided to use my existing sellers permit and not apply for new one. Did I do myself a disservice as far as taxes go???
Earle Dortch
Already own one restaurant, gonna open second one. I decided to use my existing sellers permit and not apply for new one. Did I do myself a disservice as far as taxes go???
Earle Dortch
Tha Truth asked:
What if I stay at home and all the bills are under my parents name, but I pay in cash for part of the bills that my business uses like the electricity and rent for the office and so on, how would I deduct that from my business expenses. And how would I keep track of things If I cant physically acquire a receipt and I know that I need to itemize when I file my taxes.
Jeffery Borom
What if I stay at home and all the bills are under my parents name, but I pay in cash for part of the bills that my business uses like the electricity and rent for the office and so on, how would I deduct that from my business expenses. And how would I keep track of things If I cant physically acquire a receipt and I know that I need to itemize when I file my taxes.
Jeffery Borom
Melissa M asked:
I have a small business breeding dogs. my kennel name is not registered, however i’m wondering if i can still claim my expenses such as vet bills, food costs, grooming bills, travelling costs, etc
Pamela Waddles
I have a small business breeding dogs. my kennel name is not registered, however i’m wondering if i can still claim my expenses such as vet bills, food costs, grooming bills, travelling costs, etc
Pamela Waddles
Bri up asked:
Do business Auditors check all purchases that make?
I need to make some personal and some business purchases and I don’t know if they will count all expenses against me.
Jonas Yard
Do business Auditors check all purchases that make?
I need to make some personal and some business purchases and I don’t know if they will count all expenses against me.
Jonas Yard
bonnieXX asked:
I’ve just gotten a new job where I am responsible for my own office supplies as well as mileage. I am not reimbursed for anything. My question regards what can be written off for tax purposes. Specifically, what is the best way to document mileage and other business expenses.
I’ve just gotten a new job where I am responsible for my own office supplies as well as mileage. I am not reimbursed for anything. My question regards what can be written off for tax purposes. Specifically, what is the best way to document mileage and other business expenses.
Any additional comments would be helpful!
Dewitt Kirkpatrick
Abby asked:
When I click on the business tab, I see +in and -out boxes, and in the +in box it has listed under it a category I created named Contractors. This should be an expense to my company, not a negative income. The category IS listed under expenses and not income. What could make this happen?
No, It IS listed under a Business expense, not an income, but I just deleted the category and didn’t put it in a group and that fixed it. Thanks!
Quentin Posik
When I click on the business tab, I see +in and -out boxes, and in the +in box it has listed under it a category I created named Contractors. This should be an expense to my company, not a negative income. The category IS listed under expenses and not income. What could make this happen?
No, It IS listed under a Business expense, not an income, but I just deleted the category and didn’t put it in a group and that fixed it. Thanks!
Quentin Posik
Jason G asked:
I am a real estate appraiser. I had to take courses in a different state for my certification for work. I went twice, the first time I went it cost me $5,000 (between flights/hotel/tuition/food/car) These courses are through the appraisal institute and only help me if I am a real estate appraiser. My boss agreed to help me when I had to take one addditional course and paid the majority of my expenses for the second trip (flight/hotel/tuition). However now our bookkeeper came up and said she thinks it was not a business expense that the business can deduct and that I might have to either pay the company back or that my boss can agree that the cost of the trip was a bonus and I pay taxes on it.
The course does help me receive certification in my job (and granted I could quit my job and take my certification elsewhere) and that is why she says she thought it wasn’t a business expense. If this is a legitimate expense how can I convince the bookkeeper?
Ardith Bedillion
I am a real estate appraiser. I had to take courses in a different state for my certification for work. I went twice, the first time I went it cost me $5,000 (between flights/hotel/tuition/food/car) These courses are through the appraisal institute and only help me if I am a real estate appraiser. My boss agreed to help me when I had to take one addditional course and paid the majority of my expenses for the second trip (flight/hotel/tuition). However now our bookkeeper came up and said she thinks it was not a business expense that the business can deduct and that I might have to either pay the company back or that my boss can agree that the cost of the trip was a bonus and I pay taxes on it.
The course does help me receive certification in my job (and granted I could quit my job and take my certification elsewhere) and that is why she says she thought it wasn’t a business expense. If this is a legitimate expense how can I convince the bookkeeper?
Ardith Bedillion
skull101a asked:
I used to be a cost analysis 3 years ago. I have not worked in 3 years. Now I have been retrained to become a certified welding inspector. In 2009 I had no income as an inspector. I purchased gauges, seminars and work related purchase. Can they be deducted or do I need to show income for my new career ? I know the job search is not deductable because its for a new career and because its been a long time since I have had any job.
Roxann Gromoll
I used to be a cost analysis 3 years ago. I have not worked in 3 years. Now I have been retrained to become a certified welding inspector. In 2009 I had no income as an inspector. I purchased gauges, seminars and work related purchase. Can they be deducted or do I need to show income for my new career ? I know the job search is not deductable because its for a new career and because its been a long time since I have had any job.
Roxann Gromoll
needCPAhelp asked:
I have had a personal business run from my home for the last 10 years, but last year I had no income and am now closing the business. I have money in the “Carryover of operating expenses from 2005 Form 8829, line 41″. I was told I could write this off on this year’s taxes, but how do I do this? I have no equipment, inventory, or other assets that are being sold or need depriciating.
Angle Chaiken
I have had a personal business run from my home for the last 10 years, but last year I had no income and am now closing the business. I have money in the “Carryover of operating expenses from 2005 Form 8829, line 41″. I was told I could write this off on this year’s taxes, but how do I do this? I have no equipment, inventory, or other assets that are being sold or need depriciating.
Angle Chaiken