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Taxes
I cant fucking wait to pay them, get it off my mind for another year.
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already paid mine
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Amen, I just finished issuing 1099's tonight.
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guess you should be glad that you don't have to have yours done quarterly
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sucks, im still getting interest on mine. will make me a nice profit after fines for not paying quarterly. |
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I dont pay quarterly but im going to this year. |
Every time I deposit a group of cheques, I write out one to the receiver general for 18.1% of whatever it is I just cashed (18.1% is the combined federal and provincial corporate tax rate where I live).
Keeps taxes 100% up to date, and then I get a refund for whatever expenses I incurred, roll that into the following year's taxes. This year, I didn't have to start writing cheques until august due to last year's refund. All I have to worry about then is personal tax at the end of the year, which usually is pretty (and this year will be totally blown away by rrsp contributions). :thumbsup |
If you're in the U.S. the underpayment penalty is so low I think its best to hold the cash until April 15.
This way the IRS finances my investments in new projects throughout the year at a much lower rate than a bank loan or line of credit. :2 cents: |
I can't wait for my audit check to come in. I'm going to gloat about it for some time!
WG |
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