] [mailto:[EMAIL PROTECTED] On
Behalf Of Lonnie Nunweiler
Sent: Tuesday, December 19, 2006 2:32 AM
To: WISPA General List
Subject: Re: [WISPA] salary
Mac, and Matt. This is an easy question to answer.
You stop doing it when it stops being fun and becomes a job. I built
five 100' towers this Summer
Peter,
Everyone in an S Corp has to get the same benefits - so if you take
health care, so does every employee is incorrect. We have consulted
with our accountant and our attorney on this exact matter. We have about
30% of our employees with health insurance and 70% without.
Travis
Travis Johnson wrote:
Everyone in an S Corp has to get the same benefits - so if you take
health care, so does every employee is incorrect. We have consulted
with our accountant and our attorney on this exact matter. We have
about 30% of our employees with health insurance and 70% without.
I
:21 AM
To: [EMAIL PROTECTED]; WISPA General List
Subject: Re: [WISPA] salary
Peter,
Everyone in an S Corp has to get the same benefits - so if you take health
care, so does every employee is incorrect. We have consulted with our
accountant and our attorney on this exact matter. We have about 30
Rick Smith wrote:
as long as you OFFER it to them on a poster somewhere in the building.
At least, that's what NJ says... that way it's opt in and there's no
discrimination
We are a C corp. Med plans, if offered, has to be available to all
employees.
One of the benefits is the medical
Matt Liotta wrote:
Travis Johnson wrote:
Everyone in an S Corp has to get the same benefits - so if you take
health care, so does every employee is incorrect. We have consulted
with our accountant and our attorney on this exact matter. We have
about 30% of our employees with health
Thought I would throw this out about the GAO's report on company formations.
http://www.gao.gov/new.items/d06376.pdf
This may or not be relevant to the topic at hand, but may be parallel
information to be aware of.
Cliff note summary from the report.
Why the study:
Companies form the basis
: Friday, December 15, 2006 1:51 AM
To: WISPA General List
Subject: Re: [WISPA] salary
Tom DeReggi
RapidDSL Wireless, Inc
IntAirNet- Fixed Wireless Broadband
- Original Message - From: Travis Johnson [EMAIL PROTECTED]
To: WISPA General List wireless@wispa.org
Sent: Thursday, December 14
: Monday, December 18, 2006 12:08 PM
To: WISPA General List
Subject: Re: [WISPA] salary
Ditto, and we make enough profit to roll the profit back into our
business in network upgrades, etc.
If I stopped my upgrades and just collected money, I could lay someone
off and make a very handsome roi
Gino A. Villarini wrote:
The question I always ask myself is when to stop upgrading and expanding..
Last year at this time, I took from November till March 1st off. No work
at the isp, just worked on my home, my kid's house, had fun with stocks
and just enjoyed rest and relaxation :)
Was
'
Subject: RE: [WISPA] salary
The question I always ask myself is when to stop upgrading and expanding..
Gino A. Villarini
[EMAIL PROTECTED]
Aeronet Wireless Broadband Corp.
tel 787.273.4143 fax 787.273.4145
-Original Message-
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED
the cycle!!
If you find the cure - - send Larsen and myself a double dose.
Mac
-Original Message-
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Gino A. Villarini
Sent: Monday, December 18, 2006 12:51 PM
To: 'WISPA General List'
Subject: RE: [WISPA] salary
The question I
List'
Subject: RE: [WISPA] salary
Gino,
That's a question that Larsen and I have been hunting an answer to for a
couple years. We both said we were going to sit back and collect some of our
initial investments back over a year ago. I know Larsen is still hanging
gear in every town along the 3
PROTECTED] On
Behalf Of Gino A. Villarini
Sent: Monday, December 18, 2006 12:51 PM
To: 'WISPA General List'
Subject: RE: [WISPA] salary
The question I always ask myself is when to stop upgrading and expanding..
--
WISPA Wireless List: wireless@wispa.org
Subscribe/Unsubscribe:
http
AM
Subject: RE: [WISPA] salary
snip
Zero. When the CEO is also the primary investor, and the company is an
S-corp or LLC, why pay payroll tax, when you can just take a repayment of
loan?
The salary of the CEO can be meaningless unless also disclosed wether they
have an equity position
to be addressed.
Tom DeReggi
RapidDSL Wireless, Inc
IntAirNet- Fixed Wireless Broadband
- Original Message -
From: Rick Smith [EMAIL PROTECTED]
To: [EMAIL PROTECTED]; 'WISPA General List' wireless@wispa.org
Sent: Saturday, December 16, 2006 1:34 PM
Subject: RE: [WISPA] salary
of course, if you
AM
Subject: Re: [WISPA] salary
- Original Message -
From: Peter R. [EMAIL PROTECTED]
To: WISPA General List wireless@wispa.org
Sent: Friday, December 15, 2006 8:34 AM
Subject: Re: [WISPA] salary
Check with your CPA on that.
The IRS likes to see salary and other activities
-
From: Frank Muto [EMAIL PROTECTED]
To: WISPA General List wireless@wispa.org
Sent: Friday, December 15, 2006 2:11 PM
Subject: Re: [WISPA] salary
http://money.cnn.com/2006/03/31/technology/google/index.htm
Google leaders stick with $1 salary
According to the search engine's latest proxy
]
To: WISPA General List wireless@wispa.org
Sent: Friday, December 15, 2006 9:34 AM
Subject: Re: [WISPA] salary
Check with your CPA on that.
The IRS likes to see salary and other activities that represent that your
company really is a company and not a tax shelter so that you avoid the
sole
Sweat equity.
The Google boys' $1 salary.
Different levels of stock.
Investors.
}}} All of that is tax planning and corporate law.
An S Corp has limitations - both tax and structure.
There is a limit on who can be a stockholder and how many. (Like no
foreign investment).
There can only be one
- - send Larsen and myself a double dose.
Mac
-Original Message-
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Gino A. Villarini
Sent: Monday, December 18, 2006 12:51 PM
To: 'WISPA General List'
Subject: RE: [WISPA] salary
The question I always ask myself is when
-Original Message-
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Tom DeReggi
Sent: Friday, December 15, 2006 1:51 AM
To: WISPA General List
Subject: Re: [WISPA] salary
Tom DeReggi
RapidDSL Wireless, Inc
IntAirNet- Fixed Wireless Broadband
- Original Message
dot net
- Original Message -
From: John Scrivner [EMAIL PROTECTED]
To: WISPA General List wireless@wispa.org
Sent: Sunday, December 17, 2006 9:03 AM
Subject: Re: [WISPA] salary
I do not think any WISPs here really know the answer to this. What is
needed is an answer from an accountant
http://www.traderstatus.com/IRSsloppy.htm
about Case: Montagne v. Commissioner, 04-4137
+_
_
Jan. 2003
Every year or so there seems to be some hot issues the IRS is looking
at. This year the amount of *salary* taken by shareholder-employees is
on the IRS
---
WiNOG Wireless Roadshows
Coming to a City Near You
http://www.winog.com
-Original Message-
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Tom DeReggi
Sent: Friday, December 15, 2006 1:51 AM
To: WISPA General List
Subject: Re: [WISPA] salary
Tom DeReggi
] [mailto:[EMAIL PROTECTED] On
Behalf Of Tom DeReggi
Sent: Friday, December 15, 2006 1:51 AM
To: WISPA General List
Subject: Re: [WISPA] salary
Tom DeReggi
RapidDSL Wireless, Inc
IntAirNet- Fixed Wireless Broadband
- Original Message - From: Travis Johnson [EMAIL PROTECTED]
To: WISPA
That is a good message to send to stockholders.
I wonder how many shares Brin and Page sell a year.
Or if they are also playing the stock option game.
Schmidt has been selling, but didn't notice much for Brin or Page.
http://finance.yahoo.com/q/it?s=GOOG
George
Frank Muto wrote:
:[EMAIL PROTECTED] On
Behalf Of Peter R.
Sent: Friday, December 15, 2006 9:34 AM
To: WISPA General List
Subject: Re: [WISPA] salary
Check with your CPA on that.
The IRS likes to see salary and other activities that represent that your
company really is a company and not a tax shelter so that you avoid
PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Tom DeReggi
Sent: Friday, December 15, 2006 1:51 AM
To: WISPA General List
Subject: Re: [WISPA] salary
Tom DeReggi
RapidDSL Wireless, Inc
IntAirNet- Fixed Wireless Broadband
- Original Message -
From: Travis Johnson [EMAIL PROTECTED
Check with your CPA on that.
The IRS likes to see salary and other activities that represent that
your company really is a company and not a tax shelter so that you
avoid the sole proprietor tax schedule.
(It's called piercing the veil -- if you don't have minutes and annual
shareholder
- Original Message -
From: Peter R. [EMAIL PROTECTED]
To: WISPA General List wireless@wispa.org
Sent: Friday, December 15, 2006 8:34 AM
Subject: Re: [WISPA] salary
Check with your CPA on that.
The IRS likes to see salary and other activities that represent that your
company really
http://money.cnn.com/2006/03/31/technology/google/index.htm
Google leaders stick with $1 salary
According to the search engine's latest proxy filing, Eric Schmidt, Larry
Page and Sergey Brin each turned down a raise.
By Paul R. La Monica, CNNMoney.com senior writer
March 31, 2006: 4:38 PM EST
Google is a C Corp, not an LLC or an S Corp.
Big difference.
Frank Muto wrote:
http://money.cnn.com/2006/03/31/technology/google/index.htm
Google leaders stick with $1 salary
According to the search engine's latest proxy filing, Eric Schmidt,
Larry Page and Sergey Brin each turned down a
Google is a PUBLICLY TRADED C Corp... even a bigger difference. :)
Travis
Peter R. wrote:
Google is a C Corp, not an LLC or an S Corp.
Big difference.
Frank Muto wrote:
http://money.cnn.com/2006/03/31/technology/google/index.htm
Google leaders stick with $1 salary
According to the search
Salary? I think I remember that word...CRS you know. Equals leftovers,
right Tim?
Rock soup again :-)
-Original Message-
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Travis Johnson
Sent: Thursday, December 14, 2006 5:56 PM
To: WISPA General List
Subject: [WISPA]
I just take what I need home. It doesn't amount to much but the company
pays all gas, cell phone, auto repair, computer etc. bills. So the number
isn't really fair.
We billed an insurance company for some work that I did after a storm, we
negotiated a $4000 per month rate for me as a
: Thursday, December 14, 2006 9:10 PM
To: WISPA General List
Subject: Re: [WISPA] salary
I just take what I need home. It doesn't amount to much but the company
pays all gas, cell phone, auto repair, computer etc. bills. So the number
isn't really fair.
We billed an insurance company for some work
PROTECTED] On
Behalf Of Rick Smith
Sent: Friday, December 15, 2006 12:05 AM
To: 'WISPA General List'
Subject: RE: [WISPA] salary
I've been going through a bunch of sale / merger / buyout / funding meetings
lately, and that's about the salary they've all agreed on for an owner of a
wisp at around
IF your company is making money, the salary that you pay the CEO (assuming
that you ARE the CEO) is really highly dependent on tax liability.
If you have your company set up as a pass-through tax entity such as a LLC,
S Corporation, or god forbid a plain-jane partnership, then you are getting
Zero. When the CEO is also the primary investor, and the company is an
S-corp or LLC, why pay payroll tax, when you can just take a repayment of
loan?
The salary of the CEO can be meaningless unless also disclosed wether they
have an equity position or not, and of what caliber.
Tom DeReggi
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