| Author | Message | ||
Wellsfargo Side Hero Username: Wellsfargo Post Number: 9997 Registered: 06-2012 Posted From: 183.83.212.187 Rating: N/A |
Bro nuvvu konni concepts telusuko. leka pothe evado okadu mosam chesesthadu. assets evi konna avi expenses gaa count cheyya levu. vaati meeda ayye kharchu matrame expense laga claim cheyyocchu. For example if you by a MAC for $1000, you can't take it as an expense. You can only take the yearly depreciation as expense. similarly car too. Your annual interest and depreciation can only be claimed as expenses. similarly loans kooda. It is not a P & L item. It is a balance sheet item. Foreign country nundi individual or company nundi invoice pampinchi, aa expenses deduct chesukovacchu. | ||
Chiru_fan Megastar Username: Chiru_fan Post Number: 29033 Registered: 04-2008 Posted From: 71.179.18.60 Rating: N/A |
kummu Sein kaka kummu! CHIRU - SACHIN - FEDERER | ||
Rocketk2 Side Hero Username: Rocketk2 Post Number: 5370 Registered: 03-2014 Posted From: 107.77.106.95 Rating: N/A |
there is a way. I am not a CPA or tax accountant. Consult with them before you do anything You can make an investment but returns need to pass through The rules here are very confusing. IRS may question your basis for investment. You may need to prove it is not for tax avoidance. There is a business related purpose for such investment. Secondly , if you buy an asset, it is part of your corporate balance sheet. Depreciation rules will have to applied. When the asset is retired off and taken out of commission, you may be able to own paying certain 'reasonable nominal' value. You may be able buy real estate as asset showing growth projections in business . I don't think you can buy gas station as asset for services business ( I am also not sure .. I may be wrong) Finally, nenu cheppedentante, as a services business you have limited scope for investment. Your best bet is maxing our 401k( personal 18+ corporate match up to 25k ( I think). Adhey trump or his best friends laga real estate s Corp pettavante , several doors open  . Plus effective taxation got reduced to 9%. Accounting is pure math but GAAP is not. The phrase 'generally accepted' adds tremendous discretion to what you may and may not show in accounting. Your CPA is correct in identifying risk. Take conservative route and avoid audits | ||
Thokkalohdi Hero Username: Thokkalohdi Post Number: 14519 Registered: 01-2008 Posted From: 24.5.236.139 Rating: N/A |
(not a tax expert) My understanding is assets ni exempt cheyyaru... only expenses...
ivvani assets kada... | ||
Gotcha Megastar Username: Gotcha Post Number: 29580 Registered: 02-2008 Posted From: 73.45.2.79 Rating: N/A |
next year nunchi 15% ee anukunta tax so ee year ila kanicheyi ... | ||
Seinfeld Legend Username: Seinfeld Post Number: 32104 Registered: 03-2008 Posted From: 108.171.131.187 Rating: N/A |
time to change CPA anukunta.. annitiki risk risk antadu maa vodu.. | ||
Gotcha Megastar Username: Gotcha Post Number: 29579 Registered: 02-2008 Posted From: 73.45.2.79 Rating: N/A |
cpa alage chebutadu ala ani oo peteyabaku oka employee unte 10-15k kante ekkuva expenses are not reasonable ... | ||
Seinfeld Legend Username: Seinfeld Post Number: 32103 Registered: 03-2008 Posted From: 108.171.131.187 Rating: N/A |
CPA gadu emi cheyyalem antunadu.. idhi ardham kaledu | ||
Seinfeld Legend Username: Seinfeld Post Number: 32102 Registered: 03-2008 Posted From: 108.171.131.187 Rating: N/A |
Gotcha bhayya aa audit book keeping bagane undi anuko.. but utha funyaniki too much of taxes kattalsivastundi just because of nature of business...expenses ekkuva chupinchlem ani CPA gadu chepthundu.. | ||
Uno Side Hero Username: Uno Post Number: 2554 Registered: 03-2016 Posted From: 99.231.161.157 Rating: N/A |
Yes ,possible.But take advice form your CPA,cos I don't know your company structure You can even loans yourself from your company at zero percent and repay $100 a year | ||
Gotcha Megastar Username: Gotcha Post Number: 29577 Registered: 02-2008 Posted From: 73.45.2.79 Rating: N/A |
Best apply for chase ink business ink card and any purchases u made u can take photo of it and it will store receipt so it will be useful for audit purpose later ... | ||
Seinfeld Legend Username: Seinfeld Post Number: 32096 Registered: 03-2008 Posted From: 108.171.131.187 Rating: N/A |
business ki kone propery ki sambandham lekapoyina kooda cheyocha? | ||
Uno Side Hero Username: Uno Post Number: 2553 Registered: 03-2016 Posted From: 99.231.161.157 Rating: N/A |
why not.? You can,as and asset ( acquiring office space etc) or also as part of business activity too..but the article of incorporation should include all the activities your business will be performing You can even invest/loan money in other businesses,acquire shares or even invest in stock exchanges..But will be complicated to account them | ||
Seinfeld Legend Username: Seinfeld Post Number: 32095 Registered: 03-2008 Posted From: 108.171.131.188 Rating: N/A |
house konacha? or rental properties? | ||
Uno Side Hero Username: Uno Post Number: 2552 Registered: 03-2016 Posted From: 99.231.161.157 Rating: N/A |
office expenses (cleaning,stationary,printing supplies) software,hardware purchases ,desks/chairs /furniture/cabinets purchases (check if you have bought any furniture and have receipts),Insurances,vehicle repairs/services | ||
Seinfeld Legend Username: Seinfeld Post Number: 32094 Registered: 03-2008 Posted From: 108.171.131.188 Rating: N/A |
rendu done.. inka? | ||
Gotcha Megastar Username: Gotcha Post Number: 29576 Registered: 02-2008 Posted From: 73.45.2.79 Rating: N/A |
Car lease Restaurant expenses ... | ||
Seinfeld Legend Username: Seinfeld Post Number: 32093 Registered: 03-2008 Posted From: 108.171.131.188 Rating: N/A |
chinna kochen.. lets say you are into service business and easy match kosam below numbers income - 100k per yr expenses - 10K (rent, travel, food, phone, misc etc) 401k - 20K vesko Salary - 10K Taxable income now is 60K.. deeni meeda 22% tax on s-corp ante dharunam kada..usual gaa bijines unnollu inka ekkada invest chestharu to not pay taxes? |