old grump, i get your tongue-in-cheek-ness, now. you're right, there's lots of screwing going on w/out having the govt budge in for a three-some [cue up The Beatles "Tax Man" from their 1966 album Revolver
http://en.wikipedia.org/wiki/Taxman]
yrs ago, i had my own incorporated business [filed paperwork w/ state of TX and IRS; an "S" corp, not a personal "C" corp or Schedule C business] and had to file tax returns [990s?]. i classified/categorized my corp as a professional services business [i was a hi-tech consultant].
my CPA told me that for incorporated businesses, a professional services business has one of the highest tax rates, like 35-38% or something in that ballpark.
so, he said load up on expenses so that the income is very low to non-existent. the IRS doesnt care if you loose money every year [they do for Schedule C corporations]. obviously, you dont want to go in the red each year.
so, i paid myself a decent salary, paid for all my health care insurance, bought computers, phones, software, funded my SEP-IRA, etc. and would up w/ little or no net income.
so, ladies, when you decide to become a tax-paying business, i suggest you work with a CPA to get all your ducks in a row. you probably get good info from the Powder Room.
then, let's get back to fecking!!!
quiz: who knows what "LAGNAF" in my signature means??
