you can do the deductions as any form of business though, partnership, sole proprietorship S corporation or corporation. I am a sole proprietor. There are a lot of deductions, yes. Watch out for deducting space in your home as an office though, I hear its an almost automatic audit. It is legal, but often abused and difficult to do properly. Your mileage may vary of course and nothing substitutes for the advice of a tax attorney :)
Dana On Mon, 16 Jun 2003 15:17:52 +0100, Erika L. Walker-Arnold <[EMAIL PROTECTED]> wrote: > Well, one of the biggest benefits is tax deductions for all sorts of > things ... But this also means more paperwork, and possibly hiring an > accountant as it can get hairy. So it's a pro/con type of thing to do. > If it's just side jobs, might not make any differnce in the long run ... > If it's your sole source of income ... You may want to look into > something formal. > > There are SO MANY sites on the net just BURSTING with info for small > businesses. If y'all have a couple of hours to kill it's a good google > search. > > :) > > Cheers, > Erika > > >>> | -----Original Message----- >>> | From: Candace Cottrell [mailto:[EMAIL PROTECTED] | | I >>> was wondering about this as well. > > >>> | >>> [EMAIL PROTECTED] 6/16/2003 9:54:08 AM >>> > >>> | What are the benifits of becoming incorperated? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 Host with the leader in ColdFusion hosting. Voted #1 ColdFusion host by CF Developers. Offering shared and dedicated hosting options. www.cfxhosting.com/default.cfm?redirect=10481 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
