Thread: Tax Question
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Old 10-08-2007, 10:07 PM  
Barefootsies
Choice is an Illusion
 
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Join Date: Feb 2005
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I just make sure to get the paperwork, and then the CPA deals with the rest.

I now use RENTACODER.COM almost primary for most of my website outsourced work. They handle 1099's as covered in their T.O.S.. However, I also get my receipt, or invoice from them.

When I buy other sites, I have them send me an invoice on new sites purchased. Most of that is done through paypal. Until I receive an invoice, they do not get payment.

I make sure to get a receipt for everything including traffic, links, etc. Anything that is business related must have an invoice. If they are an individual. Then they need to make a custom invoice for me.

I put all my business into Quick Books, and export it at year's end. I hand that, and receipts over to the CPA.

I've run into a few companies who do not send me my invoices on the first month, and just bill my card. Unacceptable. I will send them one e-mail asking them to change how they bill. If they do not respond, I cancel my service with them and find another.

I do not want ANY grief from the IRS. I hate taxes like anyone else, but I am not going to gamble my business on the ass rape wager.

I have receipts for every little thing. Including meals and gas. I save them all. If I get audited, hopefully they pack a lunch. Business or personal I have everything. Not just a credit card bill.

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Last edited by Barefootsies; 10-08-2007 at 10:08 PM..
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