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After Shock Media

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#1

A tax preperation bitch.

02-03-2006, 02:15 PM

Thankfully I am highly organized with my records, I am pretty sure I have more spreadsheets than the high school math major who is treasurer of the science club who is calculating every angle on what to do with the passed out babysitter laying on his couch.

I also happen to have a very skilled accountant as a soon to be father in law that has no problems with my type of business.

That being said I almost go postal dealing with one small aspect I encounter keeping my records in order. That being epassporte. Nowhere can I find an easy to grab date range of charges for load charges and sending costs. Plus I have to wade through emails to find any details what so ever.

Anyone else have any tax/record issues that get on your nerves?

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CDSmith

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#2

02-03-2006, 03:15 PM

None whatsoever here.

(I don't use epassporte)

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After Shock Media

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#3

02-03-2006, 03:16 PM

Originally posted by CDSmith

None whatsoever here.

(I don't use epassporte)

I was sort of forced into it for the time being.

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John Marco

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#4

02-03-2006, 03:19 PM

Epassporte is absolutely pathetic when it comes to record keeping .. you can't even click a transaction to see details.. What our book keeper does is print off the statements once per week and manually reconcile it all, just assuming $2 per transaction for fees

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RayBonga

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#5

02-03-2006, 03:20 PM

You have it easy compared to this guy.
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detoxed

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#6

02-03-2006, 03:20 PM

hehe how about open an offshore account, send themoney offshore, load epass with that and forget the tax aspect. keep in mind i have no offshore accounts so dont report me.
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After Shock Media

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#7

02-03-2006, 03:23 PM

Originally posted by John Marco

Epassporte is absolutely pathetic when it comes to record keeping .. you can't even click a transaction to see details.. What our book keeper does is print off the statements once per week and manually reconcile it all, just assuming $2 per transaction for fees

I quickly switched to manually adding every detail of each transaction into another fucking spreadsheet. It basicly keeps track of it all for me now. Just to bad I did not start doing this earlier before I relized there was no damn way to retrieve data from them.

I do not withdraw money from them, nor do I use their ATM card (hell I do not even have one). I just use it to pay people and load funds onto.

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After Shock Media

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#8

02-03-2006, 03:25 PM

Originally posted by detoxed

hehe how about open an offshore account, send themoney offshore, load epass with that and forget the tax aspect. keep in mind i have no offshore accounts so dont report me.

How about fuck no.

I get periodic audits as it is so there is no fucking way in hell that I would ever even begin to try to hide from the IRS.

After re-reading what you said, it would make no sense regardless. Why would I desire to hide my fund load fee's, sending fee's, and amounts sent out? I rather like claiming all of my expenses.

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Dcat

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#9

02-03-2006, 03:25 PM

It pisses me off to no end that many companies, banks included, only allow you to pull up records three to six month back. Why not the whole freak'n year? ...It makes no sense! Sure it might tax the old database some, but common, this is the freak'n digital age!

There's my rant on the subject. I feel better now.
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qwe

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#10

02-03-2006, 03:33 PM

royal bank only goes like 3 months back, and then if u want other months they need to print it for u @ $10/page.... thats what i call ripp off... i need to pay them $90 just to see my records...
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After Shock Media

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#11

02-03-2006, 03:42 PM

Originally posted by qwe

royal bank only goes like 3 months back, and then if u want other months they need to print it for u @ $10/page.... thats what i call ripp off... i need to pay them $90 just to see my records...

Odd I can go back to the very first transaction that happened after I set up my banks online access years ago. Even can see front and back of checks.

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iBanker

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#12

02-03-2006, 03:45 PM

Originally posted by After Shock Media

Thankfully I am highly organized with my records, I am pretty sure I have more spreadsheets than the high school math major who is treasurer of the science club who is calculating every angle on what to do with the passed out babysitter laying on his couch.

I also happen to have a very skilled accountant as a soon to be father in law that has no problems with my type of business.

That being said I almost go postal dealing with one small aspect I encounter keeping my records in order. That being epassporte. Nowhere can I find an easy to grab date range of charges for load charges and sending costs. Plus I have to wade through emails to find any details what so ever.

Anyone else have any tax/record issues that get on your nerves?

A little bit. I use pretty extensive spreadsheets too, so April 15th doesnt scare me out of extra work, just out of $ out of my accounts. I really should start paying MORE quarterly.

What I really REALLY hate, are the forms. I can think of 100 ways to make a Schedule C or D more "user-friendly". The IRS just does it like that to bug me I think.

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DWB

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#13

02-03-2006, 03:50 PM

my US bank does 3 months back. WTF? that is soooooo dumb.
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After Shock Media

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#14

02-03-2006, 03:52 PM

Originally posted by iBanker

A little bit. I use pretty extensive spreadsheets too, so April 15th doesnt scare me out of extra work, just out of $ out of my accounts. I really should start paying MORE quarterly.

What I really REALLY hate, are the forms. I can think of 100 ways to make a Schedule C or D more "user-friendly". The IRS just does it like that to bug me I think.

HAHAHA

Thankfully I do not need to fill out the forms though I have before and I know what you mean.

If I had to do everything I am sure I would freak the hell out. Between several bank accounts, rothIRA's, health savings accounts, credit cards, paypal, epassporte, properties, rental income, equipment depreciation, opperating costs, absent 1099's from almost every sponsor, investments, assorted deductions and well fifty thousand other things. It very well could drive someone insane. Then that is only for myself, my fiance also owns and runs a business but to top it off she has employee's and all the tax crap that goes with that every quarter.

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