tax write off's

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Chris
    Too lazy to set a custom title
    • May 2003
    • 27880

    #1

    tax write off's

    when you write off your internet bill what % do you write off?
    same question for cellphone

    also can i write off epassporte/paypal fee's (not the atm fee's but withdraw fee's )
    [email protected]
  • GrouchyAdmin
    Now choke yourself!
    • Apr 2006
    • 12085

    #2
    Enjoy the audit.

    Comment

    • slapass
      Too lazy to set a custom title
      • Nov 2002
      • 14625

      #3
      Not sure why the audit thing as yes to all of those.

      Comment

      • GrouchyAdmin
        Now choke yourself!
        • Apr 2006
        • 12085

        #4
        Originally posted by slapass
        Not sure why the audit thing as yes to all of those.
        "Don't ask a bunch of webmasters that commonly use various online payment systems to hide money about writing things off."

        Comment

        • dennisthemenace
          Confirmed User
          • Feb 2003
          • 2668

          #5
          100% net connection 100% cellphones 50% house phones
          All the best to you

          Comment

          • Sosa
            In Tushy Land
            • Oct 2002
            • 40149

            #6
            Originally posted by GrouchyAdmin
            Enjoy the audit.
            please.... not if you do things right

            Comment

            • DigitalPimp
              Confirmed User
              • Jun 2003
              • 512

              #7
              Like any expense you write of that portion of which you used for business purposes

              Comment

              • Penny24Seven
                So Fucking What
                • Jun 2007
                • 6287

                #8
                get a house phone and write off the cell all as business, That way you do not have to do a %, house goes by what % is used by your business I think. My office is 550 square feet, two bedrooms for storage or like 40% I think. A good tax man will kn ow all this. It is worth it to have someone do it that knows. Some simple stuff will pay for the fees 10 times over
                Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

                Comment

                • After Shock Media
                  It's coming look busy
                  • Mar 2001
                  • 35299

                  #9
                  Originally posted by Chris
                  when you write off your internet bill what % do you write off?
                  same question for cellphone

                  also can i write off epassporte/paypal fee's (not the atm fee's but withdraw fee's )
                  Your 03 join date combined with these questions startles me.

                  The percentage of your internet service fee would be the percentage used for business usage. I personally can legally say its 100% and survive a strict audit. I have two internet lines coming into the house, with two different wireless connections. One if for personal use and one for business. Same goes for our phones. We each have a business line and then there is one personal line to share. Our cell phones are for business and are paid directly from our business account.

                  Of course since we use business accounts and they are what is tied to the e-payment methods I have no issue writting off those fee's. I also make damn fucking sure the accountant notes down every penny from e-payments, specially epassporte as it is offshore. We also do not intermingle funds.

                  Now some may write off 100% of their internet and only have say 1 internet account. Yet for some silly reason their bank records show them paying for a WoW account etc. That alone could be bad. Same with some dual usage on your house or apartment if not done very correctly. We personally have one room devoted purely to office stuff and that to can withstand scrutiny. I also do not try to stretch my write offs or get creative. My dog is not a security system, my vehicle only gets the actual documented and tracked milage, and so forth.

                  [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

                  Comment

                  Working...