#6695828 - 11/06/12 04:45 PM
Re: Who's getting your car rust proof?
[Re: Hatorade]
|
Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
|
pic is too small, can't see it
|
Top
|
|
|
|
#7356176 - 10/25/13 06:07 PM
Re: Who's getting your car rust proof?
[Re: titty sprinkles]
|
4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
|
^wut? Isn't that what you already have O.o
|
Top
|
|
|
|
#7356346 - 10/25/13 08:34 PM
Re: Who's getting your car rust proof?
[Re: titty sprinkles]
|
fatso
Post Master
Registered: 12/12/06
Posts: 2323
Loc: Ontario
|
actually i need to talk to a risky, to see if i should just keep the bidnezz cash and un-registered or do it legit then lease a new car and put it under the business bah i don't understand this shit. And the money is all good and great but holy hell is it alot of leg work, have no free time now, it's pretty much just working two jobs.
Keep it cash. If you register your business, you need to keep records of your transactions and then pay taxes at the end of the year if you make money. If you lease or finance a car under the company name, it simply comes out of your taxable income at the end of the year. So let's say your current business earns you $50k. Take away your expenses from that - so say $1k/mth for the car lease, $500/mth for gas, $500/mth in misc expenses for the business, your net at the end of the year is $36k. So now you have to pay taxes on the $36k.
Wanna make shit more complicated? Draw a salary from your business. Heck, take the full $36k that's left as salary. All of a sudden, your business now has no taxes to pay, but now you've got an additional $36k of personal income that you have to pay taxes for at your current tax bracket (if not higher).
No matter how you look at it, if you have the option to keep a business "cash," do it. There's all types of other shit too when it comes to owning your own business - you pay all the CPP/EI, accounting fees etc.
Write this down: it doesn't make sense.
|
Top
|
|
|
|
#7356729 - 10/26/13 07:53 AM
Re: Who's getting your car rust proof?
[Re: fatso]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
^ what he said.
Titty Keep it cash dat coral money doe fuck...link dat
|
Top
|
|
|
|
#7356979 - 10/26/13 02:02 PM
Re: Who's getting your car rust proof?
[Re: Hatorade]
|
c2k
Post Master Supreme
Registered: 05/21/00
Posts: 19291
Loc: Wiesloch-Walldorf, Germany
|
Where do you live again...
He lives in Drakesville. I think he speaks Drake-ish
_________________________
Who cares
|
Top
|
|
|
|
#7357634 - 10/27/13 12:32 AM
Re: Who's getting your car rust proof?
[Re: fatso]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
Up to what point do you keep a business cash? This will depend on who you ask, the right answer is you don't keep a business cash.
Anyway if you want more advice pm, I am not going to post shit here on how to run your business. It depends on far too many things, and you need to spill the details. What's the point of having csi on read that.
|
Top
|
|
|
|
#7366159 - 10/31/13 12:05 PM
Re: Who's getting your car rust proof?
[Re: furball]
|
4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
|
I go to Krown in Markham (by Markville). Excellent guys, take great care of your ride and treat it with tons of respect. They do it for $95 and I got some $15 coupons around here if anyone wants.
|
Top
|
|
|
|
Moderator: c2k, LNXGUY, TheRealCSnapper, Professor Paki
|
|