Investing $ into designs/programming

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  • pr0
    rockin tha trailerpark
    • May 2001
    • 23088
    #1

    Investing $ into designs/programming

    I've been investing more & more over the last few months, it was nice writing alot of it off (just got back from the tax man), about how much shit do you write off every year?

    Is there any limit to the amount you can write off, as far as hiring designers & programmers.....

    Do i need to start giving programmers & designers 1099's at the end of the year or wassuP?

    My tax guy filled me in on alot....just figured i'd try to hear it from some professionals
    __________
    Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)
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    • High Quality
      Confirmed User
      • Feb 2002
      • 5741
      #2
      YOu needn't post such questions here. Ask the don any favor you wish, this, the day of my daughter's wedding....

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        • pr0
          rockin tha trailerpark
          • May 2001
          • 23088
          #3
          Originally posted by High Quality
          YOu needn't post such questions here. Ask the don any favor you wish, this, the day of my daughter's wedding....


          fo shizzle my brutha
          __________
          Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

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            • DatingGold
              $6 PER EMAIL JOiN
              • Feb 2003
              • 13185
              #4
              If you pay someone in the US over $600 a year, you are suppose to file a 1099. Unless they are a company then you dont need to. If you don't file the 1099 there can be a nice fine. But this is all stuff your tax man can tell you.

              We've never had a problem writing of our

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                • EscortBiz
                  Fuck Checks, CASH only!
                  • May 2002
                  • 19422
                  #5
                  Originally posted by DatingGold
                  If you pay someone in the US over $600 a year, you are suppose to file a 1099. Unless they are a company then you dont need to. If you don't file the 1099 there can be a nice fine. But this is all stuff your tax man can tell you.

                  We've never had a problem writing of our

                  legal disclaimer: causes severe diarrhea and anal fissures.
                  not always , ask the tax experts

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                    • katdaddy
                      Confirmed User
                      • Jul 2001
                      • 418
                      #6
                      hey i do graphics ?? hit me up
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                        • katdaddy
                          Confirmed User
                          • Jul 2001
                          • 418
                          #7
                          hehe dont u love those threads that get hit by people looking for work? man I hate doing my taxes and Uncle Sam isn't messing around anymore! Anyways I guess I need to figure out what the hell is going on with my books tax time is upon us!
                          To have ultimate victory, you must be ruthless. Napoleon Bonaparte, 1769-1821

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                          www.freeblackmovies.com

                            Comment

                            • pr0
                              rockin tha trailerpark
                              • May 2001
                              • 23088
                              #8
                              Originally posted by katdaddy
                              hehe dont u love those threads that get hit by people looking for work? man I hate doing my taxes and Uncle Sam isn't messing around anymore! Anyways I guess I need to figure out what the hell is going on with my books tax time is upon us!
                              hehehe, good luck, tax time is always a blast
                              __________
                              Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

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                                • galleryseek
                                  Confirmed User
                                  • Mar 2002
                                  • 8234
                                  #9
                                  i dread the day when i must do taxes.

                                    Comment

                                    • pr0
                                      rockin tha trailerpark
                                      • May 2001
                                      • 23088
                                      #10
                                      Originally posted by galleryseek
                                      i dread the day when i must do taxes.
                                      do them early & get it over with!
                                      __________
                                      Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

                                        Comment

                                        • galleryseek
                                          Confirmed User
                                          • Mar 2002
                                          • 8234
                                          #11
                                          well, i've never done them before. i dont have the first clue on wtf to do. i'll either hire someone or send them to my parents, i'm pathetic.

                                            Comment

                                            • Serge Litehead
                                              Confirmed User
                                              • Dec 2002
                                              • 5190
                                              #12
                                              i don't think theres a limit on writing of design and development needs, and yes you need to file 1099 for independent contractors

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