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-   -   Taxes (https://gfy.com/showthread.php?t=424641)

detoxed 01-30-2005 08:46 PM

Taxes
 
I cant fucking wait to pay them, get it off my mind for another year.

BJ 01-30-2005 08:50 PM

already paid mine

frankfortuna 01-30-2005 08:51 PM

Amen, I just finished issuing 1099's tonight.

ace0r 01-30-2005 08:52 PM

guess you should be glad that you don't have to have yours done quarterly

detoxed 01-30-2005 08:53 PM

Quote:

Originally Posted by PureMeds
already paid mine


sucks, im still getting interest on mine. will make me a nice profit after fines for not paying quarterly.

BJ 01-30-2005 08:54 PM

Quote:

Originally Posted by detoxed
sucks, im still getting interest on mine. will make me a nice profit after fines for not paying quarterly.


I dont pay quarterly but im going to this year.

rickholio 01-30-2005 09:11 PM

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

Snake Doctor 01-30-2005 09:22 PM

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:

WiredGuy 01-30-2005 09:32 PM

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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