dont do house stuff paul. not worth it. if an audit happens, and ANYTHING in the OFFICE you CLAIM is NOT WORK. BOOM. Violation.
tw On 4/2/07, Russel Madere <[EMAIL PROTECTED]> wrote: > It is part of the FICA/SS/etc. taxes we pay. The percentage is really about > 15.6% for FICA and 1.5 for Medicare. Thank the New Deal for this. > > As for expenses, keep receipts. Also keep a log of milage and fuel when > meeting with clients or picking materials, software, hardware, etc. Estimate > what percentage of your square footage is used for your coding, etc. and > estimate what percentage of the day it is used for that purpose and use that > for deducting part of your mortgage/rent. > > i.e. If you use an office that is 12% of the total square footage for coding, > but use that same office for 3 hours of gaming every night you can deduct > 7/8th (21/24) of the 12% of your mortgage/rent. > > Track every expense, including training. In some circumstances, your lunches > may be deductable. Software you purchased for this job is also deductable. > Hardware needs to be depreciated. You can use a 3 to 5 year depreciation > schedule on this. Three years gives you the best results in most cases. > > Get a good tax accountant to help with your planning this year and your > return next year. > > >wth. > >medicare? why do i have to pay that? > >i know ss 15% fed 20% > >fark... > > > >On 4/2/07, Paul Ihrig <[EMAIL PROTECTED]> wrote: > >> man, i hate money. > >> wish i could just code, eat & drink. > >> and then spend a week in the woods & another on an island. > >> > >> will call a friend, his mom is an accountant for a local design firrn. > >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Macromedia ColdFusion MX7 Upgrade to MX7 & experience time-saving features, more productivity. http://www.adobe.com/products/coldfusion?sdid=RVJW Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:231852 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
