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Post by spudbeaver on Jun 29, 2021 16:57:18 GMT -8
Are you? I'm not, but I'm pretty sure you can deduct all sorts of normal business expenses as a sole proprietor. What I believe you can't do is deduct your own salary, your "salary" is basically your profits after earnings minus expenses. For this and other reasons forming LLCs are often recommended. I'm not sure Trump’s tax law changed anything in those regards, pretty much business as usual. No, I'm not. I pay accountants and attornies for that info. You might consider paying a spelling coach too. Just spitballing here.
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Post by jdogge on Jun 29, 2021 21:25:14 GMT -8
No, I'm not. I pay accountants and attornies for that info. You might consider paying a spelling coach too. Just spitballing here. No, I saw the misspelling, but too late. <sigh> Yeah, I forgot that posters on here know everything about everything and, when they can't argue substance, they focus on minutiae.
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Post by Judge Smails on Jun 30, 2021 7:07:49 GMT -8
As a small business owner for a good share of my life, Smails and drunk have it exactly right. Read my response to smails ... BTW, ever think ... maybe ... you got it wrong? He's not wrong. Maybe you need a new accountant?
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