I just finished reading this article on the subject:
http://www.asktheheadhunter.com/industryinsider6.htm
It is very interesting to read the benefits of a Consultant organization
compared to a Headhunter, as well as how it works.
I was wondering if anyone has any experiences with a good CF
The traveling will definitely open up more deductions for you. Things like
regular car maintenance/repairs, mileage, gas, meals, lodging, entertainment
can really give you a huge break when this time of year rolls around.
You said you had a 'side' business before, which I took as you having a
I start the new position tomorrow and won't be able to consult a CPA for a
couple of weeks. Do you have any suggestions of what to track that i can
verify with my cpa when i get one? ! Live in california,any help would be
appreciated.
william
William Seiter (mobile)
Have you ever read a
If you write off a home office, just keep in mind you have to pay back some
deductions if/when you go to sell your home. I do not know all the
specifics on it but have been warned by many so just passing on the same
warning. You can write off certain aspects of a car purchase as well
although
I track my daily miles that I put on my vehicle to get to customer offices
from my home office. I write off a very small percentage of the sq. footage
of my home for a home office and I track all of my computer expenses. I
also track all of my vehicle maintenance which includes fuel, tires, oil
William Seiter wrote:
I just finished reading this article on the subject:
http://www.asktheheadhunter.com/industryinsider6.htm
It is very interesting to read the benefits of a Consultant organization
compared to a Headhunter, as well as how it works.
I Read that and I'm still confused.
Always speak to an accountant, but...
Bobby Hartsfield wrote:
The traveling will definitely open up more deductions for you. Things like
regular car maintenance/repairs, mileage, gas, meals, lodging, entertainment
can really give you a huge break when this time of year rolls around.
As I
Yes, they have been 'cracking down' for years now on things like that which
is why the rules get slightly more strict each year. You just have to keep
up with the changes if you do your own taxes. I'd recommend an accountant of
course.
-Original Message-
From: Aaron Rouse [mailto:[EMAIL
If they were all your own businesses then you were justified in deducting
home office expenses of course. If you work for a company however and use
their office at all you technically do not qualify for the home office
deductions. Telecommuting once or twice a week for example for your 1099 job
What I heard recently was that you had to provide proof in the form of
receipts for things like fuel expenses and so on. Something I have always
kept although I can not help but wonder how they would gather any proof from
those things since they tend to discolor in a month or two to the point
Yes. You should have proof of everything you claim in case of an audit and
OMG I hate those receipts that fade to nothing! They should be illegal.
-Original Message-
From: Aaron Rouse [mailto:[EMAIL PROTECTED]
Sent: Thursday, March 27, 2008 8:24 PM
To: CF-Jobs-Talk
Subject: Re:
Yeah, but prior to this year my CPA said that a log book was sufficient. I
still kept the actual proof but just found it almost funny that now the
man wants the actual receipts and those things are so worthless since they
fade to nothing.
I am curious what do people use to track their vehicle
I just keep up with my receipts while out then once I get home, I store it
all in a database through a quick CF app I wrote. You can also use the trip
meter to store the exact mileage per trip. I kept the little log book for
years but being in the business that we are in, I like the web forms much
Sounds like a perfect excuse to finally buy a scanner, but then I would feel
obligated to deal with that scanning.
I used to keep log books for some of the cars I owned due to their
collectors value, but once I started needing to do it for business I quickly
learned the little black book method
I'll admit I suck at specific mileage expenses.
I keep a log book of every time I fill up the tank. At the end of the
year I take an estimate of the total mileage drove.
Although I do have the records for repairs, oil changes, etc... I've
always taken the mileage deduction for business
Well since I do a straight percentage, I really do not need the exact
mileages for trips but every year my CPA asks me specifically if I have
proof that the vehicle was used for 81% business so that is why keep up with
it. I do sometimes estimate things at the end of a week, after so many
years I
Thank you all very much for your advice, suggestions and input.
I know this is a better question for a CPA, however this might be something
that someone has already researched and can 'guide' me.
1. My entire 1099 contract fits on one page and only mentions my hourly
rate, my lack of workman's
Talk to an accountant.
I think that, yes the government would see it as another client of
your sole-proprietorship.
However, my intuition is that driving to the client 5 times a week for
an 8 hour day is a commute, not business mileage.
It's a bit of a grey area. Talk to an
I am able to write off my commutes from my home office to clients and I do
the commute often times 5 or more times a week and the bulk of my work is
done for the same client. The CPA is the one who figured out how to apply
that and what I am able to write off is the cost of the commute. But just
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