| Author | Message | ||
     Megastar Username: Twitter Post Number: 23236 Registered: 10-2009 Posted From: 69.126.240.223 Rating: N/A |
yeah maree 100k income sooinchi 50k expenses claim chesthe bokka guaranteed.. as king said he is saving $750 / month on expenses that could be bare min % on his income ..so as long as you are reasonable to irs you are safe.. i know people who are doing this for > 5yrs without showing any kind of proofs for the expenses they are claiming. | ||
| Rasputin Hero Username: Rasputin Post Number: 16346 Registered: 02-2008 Posted From: 74.131.115.83 Rating: N/A |
be careful too see if everything is legal. Dorakanantha varakoo ok, dorikithey irs pedda bokka peduthundi. Somebody told me, even car kooda, business travel should be separate from personal travel etc ani edo cheppaaru. Home office ani pettukuntey pedda issue undademo. But, naaku telisina vallaki separate office undi. So, i dont think it is completely legal to use that business vehicle for personal driving. I think you have to show how many miles were traveled for business purposes or something like that. 01/06/2012 - 169.4;05/04/2012 - 175.8; 8/1/2012 - 179 | ||
| King Side Hero Username: King Post Number: 4027 Registered: 08-2008 Posted From: 68.170.85.54 Rating: N/A |
We will not run pay roll for full amout. We run it for bare minimum..on top of it I even pay Unemployment insurance which i cannot claim because I cannot fire myself technically. Pros emo pedhaga kanipiyatam ledu..but eventually I may write of my expences..Probably I will save around $750/month anukuntunnanu versus W2.I ont know exact number as this is my first year I outsourced my payroll where I pay $125/qaurterly for running paystubs and every month I pay IRS taxes on payroll. At the end of year I need to files business taxes and carryover profit/loss to my personal taxes. Ashton - I'm living an Amish lifestyle. so far so good. | ||
| Megastar Username: Twitter Post Number: 23235 Registered: 10-2009 Posted From: 69.126.240.223 Rating: N/A |
devudi daya valla undhannai | ||
| Rock Side Hero Username: Rock Post Number: 7493 Registered: 04-2012 Posted From: 209.55.81.236 Rating: N/A |
to run your own payroll ayithe scorp ye better anukonta. kani niku green card gani citizenship gani undali idhi file cheyali ante ? undha paccha card? | ||
| King Side Hero Username: King Post Number: 4026 Registered: 08-2008 Posted From: 68.170.85.54 Rating: N/A |
I thought you would call her initially and tell about me. Sorry..if I got it wrong. Was waiting for your mail..did not want to disturb you Ashton - I'm living an Amish lifestyle. so far so good. | ||
| Megastar Username: Twitter Post Number: 23234 Registered: 10-2009 Posted From: 69.126.240.223 Rating: N/A |
ayyundochhu kaani we can save upto 20% of the income by writing off some expenses ani vinna, adhi def ga advantagey | ||
| Megastar Username: Twitter Post Number: 23233 Registered: 10-2009 Posted From: 69.126.240.223 Rating: N/A |
na purpose just to work on my own payroll anthe, no further plans of business. LLC ki SCORP ki cost lo theda lekapothe latter ye better kadha | ||
| Rasputin Hero Username: Rasputin Post Number: 16345 Registered: 02-2008 Posted From: 74.131.115.83 Rating: N/A |
Naaku teliyaka nenu aduguthunnaanu. If i understand correctly, for ss and medicare, employee pays 7.65% and employer pays 7.65% Self employed ayithey you have to pay 13% kada 01/06/2012 - 169.4;05/04/2012 - 175.8; 8/1/2012 - 179 | ||
| Rock Side Hero Username: Rock Post Number: 7492 Registered: 04-2012 Posted From: 209.55.81.236 Rating: N/A |
brother did u call her? | ||
| Rock Side Hero Username: Rock Post Number: 7491 Registered: 04-2012 Posted From: 209.55.81.236 Rating: N/A |
llc single member ayithe its like sole proprietership when u file taxes. llc you can file online yourself. 100 dollors ki llc avvadhu. adhi vadi legal fee ayi untundhi. llc form cheyataniki state ki fee katatli . adhi 300 or 400 dollors untundhi depends on state. niku bank loan etc thisukone avasaram unte future lo make sure you get it done through cpa. coz u will need the booklet for articles of organisation. purpose ni batti what need to be done anedhi alochinchukovali. | ||
| Megastar Username: Twitter Post Number: 23232 Registered: 10-2009 Posted From: 69.126.240.223 Rating: N/A |
employer taxes W2 meedha chesina kadatham kadha Rasp, ssn, medicare double avvatam enti ? ante we end up pay more to them ? koddhiga li8 veyyi . if not corp to corp then W2 , what are the other ways to work ? | ||
| Rasputin Hero Username: Rasputin Post Number: 16343 Registered: 02-2008 Posted From: 74.131.115.83 Rating: N/A |
Ila velthey employer tax kattali kada? Just ssn and medicare ye double avuthundi. Inthaa perigina kooda workout abuthundaa financially? I guess you can lease a luxury car, any advantages apart from that? 01/06/2012 - 169.4;05/04/2012 - 175.8; 8/1/2012 - 179 | ||
| King Side Hero Username: King Post Number: 4025 Registered: 08-2008 Posted From: 208.185.201.194 Rating: N/A |
joke yaar.
it will be more to get you compltely set..to get EIN , etc, etc. anni opt chesi complete booklet ki inka ekkuva charge chesthadu. Better to go with CPA>
LLC ante..at client place you break something millions..they cannot su you for all the losses as yours is LLC (limited Liable)..so they want to do business with a corp whch carry insurance as stipulated by them. LLC is good for retail where customers comes to them and corp is good to do business (for clients, vendors) ani CPA cheppadu. Bottom line, mee CPA cheppindhi follow ayipondi.. Ashton - I'm living an Amish lifestyle. so far so good. | ||
| Megastar Username: Twitter Post Number: 23231 Registered: 10-2009 Posted From: 166.137.88.161 Rating: N/A |
450 ayyindha..nen legalzoom.com lo options choosthunna 100 ani paina undhi lopaliki velthe ekkuva details thelusthai emo..LLC ki more insurance? koddhiga details cheppandi why is that and how much difference. Thx for the info. Reg vunkul : edho db lingo yaar nothing related to age, sorry if i hurt you, will refrain from saying tht | ||
| King Side Hero Username: King Post Number: 4024 Registered: 08-2008 Posted From: 208.185.201.194 Rating: N/A |
you are hurting me every other day yar. Ashton - I'm living an Amish lifestyle. so far so good. | ||
| King Side Hero Username: King Post Number: 4023 Registered: 08-2008 Posted From: 208.185.201.194 Rating: N/A |
I did S corp as not all vendors will work with LLC as it is a mimited liability and they need more insurance. Corp filing costed me around $450 and I believe filing cost was not different than LLC. I am not sure what are you getting for $100. LLC may work for you or it may have worked for me also. Pedhaga pattichukoledu as eventually all the profit\loss will trickle down to your personal filings. If you are corp..you have to keep filing taxes quarterly. Ashton - I'm living an Amish lifestyle. so far so good. | ||
| Megastar Username: Twitter Post Number: 23229 Registered: 10-2009 Posted From: 69.126.240.223 Rating: N/A |
bump to King vukul and others who are working on their own | ||
| Megastar Username: Twitter Post Number: 23227 Registered: 10-2009 Posted From: 69.126.240.223 Rating: N/A |
experts in LLC/SCorp please give your inputs, I was looking at legalzoom.com they are charging $100 for LLC for getting clearance etc. Is it a good deal ? Any other cheap online resources ? and during the process any tricky questions or potential catches ? another Q , LLC vs Scorp which one is better to start with ? purpose of the the company is work on my own payroll and should be able to write off some std expenses . Advice . TIA. |
