Incorporating late in the year: Any way to save taxes on the money you made prior.. - GoFuckYourself.com

juice · 10-19-2004, 04:02 PM

...to incorporating ? I plan to incorporate this week and would like to be able to pay only 21%(or lower if I go offshore) for all of my 2004 incomes. My accountant doesnt seem to know if it can be done. Is there a way to do it?

Jay_StandAhead · 10-19-2004, 04:04 PM

where do you live?

juice · 10-19-2004, 04:04 PM

Quote:

Originally posted by Jay[neX]
where do you live?

Canada

juice · 10-19-2004, 04:20 PM

SleazyDream · 10-19-2004, 04:25 PM

who the fuck is juice and why is does it look like he's trying to make people think he's juicylinks?

juice · 10-19-2004, 04:29 PM

Quote:

Originally posted by SleazyDream
who the fuck is juice and why is does it look like he's trying to make people think he's juicylinks?

You remind me of this guy

juice · 10-20-2004, 08:18 PM

warlock5 · 10-20-2004, 08:40 PM

Well at least his name isn't juicelinks.

Webby · 10-20-2004, 08:48 PM

juice:

Quote:

...to incorporating ? I plan to incorporate this week and would like to be able to pay only 21%(or lower if I go offshore) for all of my 2004 incomes. My accountant doesnt seem to know if it can be done. Is there a way to do it?

How can you just change lanes mid stream and try to allocate your past revenue into a corp that never existed at that time??

All that stuff needs to be put in place first.

Tho, depends what "facilities" you may have - eg.. inter company invoicing has some uses :-)

Crypt · 10-20-2004, 08:51 PM

Quote:

Originally posted by Webby
juice:

How can you just change lanes mid stream and try to allocate your past revenue into a corp that never existed at that time??

All that stuff needs to be put in place first.

Tho, depends what "facilities" you may have - eg.. inter company invoicing has some uses :-)

Some accountant can do it it seem.

Mine made exactly this for me.

Webby · 10-20-2004, 08:55 PM

Crypt:

Quote:

Some accountant can do it it seem.

Mine made exactly this for me.

Just don't let the revenue near his working papers

juice · 10-20-2004, 10:22 PM

Quote:

Originally posted by Crypt
Some accountant can do it it seem.

Mine made exactly this for me.

is that true? How did he do it? inter company invoicing? Were your checks and wire transfers made at your name or at your company's name prior to incorporating? All my 2004 revenues were paid to me personally, not a company

Freakster · 10-21-2004, 01:03 AM

maybe 60 days prior to paper fillings, not before though... I'd have to check again... but that's what I've read and what I'll be telling my accountant when the taxes time come up

Hank_Heartland · 10-21-2004, 01:10 AM

I hope you are not in the US cause the IRS will own your ass trying that shit

ytcracker · 10-21-2004, 01:16 AM

Quote:

Originally posted by Hank_MrSkin
I hope you are not in the US cause the IRS will own your ass trying that shit

yea they will shit on your face for a stunt like that
i fear the irs

AlienQ - BANNED FOR LIFE · 10-21-2004, 01:18 AM

This is amusing;)

10-19-2004, 04:02 PM	#1
juice Confirmed User Join Date: Jan 2003 Posts: 628	Incorporating late in the year: Any way to save taxes on the money you made prior.. ...to incorporating ? I plan to incorporate this week and would like to be able to pay only 21%(or lower if I go offshore) for all of my 2004 incomes. My accountant doesnt seem to know if it can be done. Is there a way to do it?

10-19-2004, 04:04 PM	#2
Jay_StandAhead Confirmed User Industry Role: Join Date: Jul 2002 Posts: 3,103	where do you live? __________________ Our Programs: StandAhead \| IndieBucks \| BoyCrushCash \| Phoenixxx \| EmoProfits \| BritishBucks \| HunkMoney \| LatinoBucks Make $$$ with Gay! Lowest Minimum Payouts in the Business, Perfect Track Record, Amazing Sites

10-19-2004, 04:20 PM	#4
juice Confirmed User Join Date: Jan 2003 Posts: 628	bump

10-19-2004, 04:25 PM	#5
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	who the fuck is juice and why is does it look like he's trying to make people think he's juicylinks? __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog.

10-20-2004, 08:18 PM	#7
juice Confirmed User Join Date: Jan 2003 Posts: 628	bump

10-20-2004, 08:40 PM	#8
warlock5 Confirmed User Join Date: Jan 2004 Location: Uranus Posts: 2,808	Well at least his name isn't juicelinks.

10-21-2004, 01:03 AM	#13
Freakster Confirmed User Join Date: Jul 2002 Location: Montreal Posts: 833	maybe 60 days prior to paper fillings, not before though... I'd have to check again... but that's what I've read and what I'll be telling my accountant when the taxes time come up __________________ 174-38-56

10-21-2004, 01:10 AM	#14
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10-21-2004, 01:18 AM	#16
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