TAN #11: Shamelessly Pad Your Post Count Here! (Page 81)

I was thinking about asking this in COJ, but I'm gonna ask TAN first... cuz... well... COJ can be a PITA sometimes.

Does anyone have a business on the side? If so... do you use it to write things off, and save yourself some money?

I have a valid business in PA that my buddy and I started in high school. We haven't done anything in years, and I just put zero's on all of the tax info every year. However, lately I've been trying to come up with a way that I could use it to my advantage... and show a loss, and write off some stuff.

Thoughts?

46. And ironically, I was so tired after my run that morning that I took an hour and a half nap on The Blonde's couch.

Good points.

I was trying to figure out a way to write off my flying lessons, and gas, and possibly a percentage of my Jeep. I could use a new computer too

I need to figure out how to show that my business is doing something... and losing money. I know there is a way to do it, big business create other businesses all the time to spread the money out, and save on taxes. Unfortunately they don't teach that "tricky" stuff in business school.

I thought about getting an accountant. The problem is that I like to............... "color outside the lines" so to speak sometimes... and accountants can be straight shooters. I don't want to be dishonest about it, but there's always a loop hole I just gotta find the right accountant. My buddy is an audit accountant in Pittsburgh, I should talk to him.

Do you have a business set up 2 goggles... or do you just write that off some way because it's for work?

Stress, 2 goggs, stress.  It'll suck the life outta ya, but it keeps the metabolism going, too.  =) 

You started the "HUMP" part of Hump Day too early, eh?

I wish...that would at least be a good reason to not have gotten sleep.