Quote:
Originally posted by cool1g
well you are only supposed to be able to take that SUV tax deduction if you work in an industry where you need transportation - i.e. real estate.
if you every got audited i don't think webmaster would cut it...i'd check with your accountant on that...
the good thing about being incorporated is that if you make say, $100K this year, you pay yourself $40K salary....the $60K remaining you pay as a dividend...and therefore you don't have to pay the 9% social security/unemployment tax BS on the $60K - that adds up and more than pays for the incorporation costs...
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I have other business projects then just webmaster. I travel quite a bit for the others.