Re: [WISPA] legal entity type - was taxes

2010-06-10 Thread Tom DeReggi
@wispa.org Sent: Tuesday, June 08, 2010 9:32 PM Subject: Re: [WISPA] legal entity type - was taxes Oh, another question if you dont mind. What rate are you paying your CPA's? My new guy wants a $750 retainer just to file my 2009 S-Corp returns. I think thats high but maybe not, who knows

Re: [WISPA] legal entity type - was taxes

2010-06-10 Thread Faisal Imtiaz
] legal entity type - was taxes Oh, another question if you dont mind. What rate are you paying your CPA's? My new guy wants a $750 retainer just to file my 2009 S-Corp returns. I think thats high but maybe not, who knows

Re: [WISPA] legal entity type - was taxes

2010-06-09 Thread can...@believewireless.net
Use a payroll processing service like Paychex or ADP. The little money they charge for this is well worth it. In our first company, we used to do this on our own and it was a ton of work. We now use Paychex, just call in our employee hours and everything is done for us. For the few employees

Re: [WISPA] legal entity type - was taxes

2010-06-09 Thread Jeromie Reeves
BlackBerry® smartphone with Nextel Direct Connect -Original Message- From: RickG rgunder...@gmail.com Date: Tue, 8 Jun 2010 21:32:58 To: WISPA General Listwireless@wispa.org Subject: Re: [WISPA] legal entity type - was taxes Oh, another question if you dont mind. What rate are you paying

Re: [WISPA] legal entity type - was taxes

2010-06-09 Thread Larry Yunker
the deduction applies to. - Larry Yunker -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of David Sovereen Sent: Wednesday, June 09, 2010 1:01 AM To: WISPA General List Subject: Re: [WISPA] legal entity type - was taxes If you

Re: [WISPA] legal entity type - was taxes

2010-06-09 Thread RickG
self employment taxes. -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of RickG Sent: Tuesday, June 08, 2010 8:03 AM To: WISPA General List Subject: Re: [WISPA] legal entity type - was taxes Tom, I wanted to reply to this before I

Re: [WISPA] legal entity type - was taxes

2010-06-09 Thread Marlon K. Schafer
- Original Message - From: RickG rgunder...@gmail.com To: WISPA General List wireless@wispa.org Sent: Monday, June 07, 2010 10:43 AM Subject: Re: [WISPA] legal entity type - was taxes Its tempting to use a known CPA that is versed in our industry but I've had issues dealing with those out

Re: [WISPA] legal entity type - was taxes

2010-06-09 Thread RickG
-Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of David Sovereen Sent: Wednesday, June 09, 2010 1:01 AM To: WISPA General List Subject: Re: [WISPA] legal entity type - was taxes If you are a subcontractor, you pay the entire 15% yourself

Re: [WISPA] legal entity type - was taxes

2010-06-09 Thread Marlon K. Schafer
...@ida.net To: WISPA General List wireless@wispa.org Sent: Monday, June 07, 2010 10:55 AM Subject: Re: [WISPA] legal entity type - was taxes We are an S-corp and have been since the first day we started. It provides personal protection against people suing you, etc. It also allows expenses

Re: [WISPA] legal entity type - was taxes

2010-06-09 Thread RickG
computer home I can.  No paper trail to worry about.  We've been a sole proprietor for over 15 years now. laters, marlon - Original Message - From: RickG rgunder...@gmail.com To: WISPA General List wireless@wispa.org Sent: Monday, June 07, 2010 10:43 AM Subject: Re: [WISPA] legal

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread Travis Johnson
Yes. The corporation is it's own entity. Everyone is an employee of the corporation. Travis RickG wrote: Same subject, different question: Are you an employee of the corp? On Mon, Jun 7, 2010 at 1:55 PM, Travis Johnson t...@ida.net wrote: We are an S-corp and have been since the first

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread Travis Johnson
The other thing to remember is with a corporation, technically you are not self-employed... which can make a big difference when trying to get personal loans, etc. Travis Microserv Travis Johnson wrote: Yes. The corporation is it's own entity. Everyone is an employee of the corporation.

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread RickG
I hear ya. Thanks! On Mon, Jun 7, 2010 at 11:49 PM, Larry Yunker leyun...@wispadvantage.com wrote: Rick, Your comment regarding owning nothing doesn't take into account the full picture.  You have earnings and you will continue to earn money in the future.  If you are found liable for a tort

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread RickG
- Original Message - From: RickG rgunder...@gmail.com To: WISPA General List wireless@wispa.org Sent: Monday, June 07, 2010 11:04 PM Subject: Re: [WISPA] legal entity type - was taxes Same subject, different question: Are you an employee of the corp? On Mon, Jun 7, 2010 at 1:55 PM

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread RickG
To: WISPA General List wireless@wispa.org Sent: Monday, June 07, 2010 11:04 PM Subject: Re: [WISPA] legal entity type - was taxes Same subject, different question: Are you an employee of the corp? On Mon, Jun 7, 2010 at 1:55 PM, Travis Johnson t...@ida.net wrote: We are an S-corp and have

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread Jerry Richardson
Yeah but they get it through self employment taxes. -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of RickG Sent: Tuesday, June 08, 2010 8:03 AM To: WISPA General List Subject: Re: [WISPA] legal entity type - was taxes Tom, I wanted

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread Tom DeReggi
Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: RickG rgunder...@gmail.com To: WISPA General List wireless@wispa.org Sent: Tuesday, June 08, 2010 11:02 AM Subject: Re: [WISPA] legal entity type - was taxes Tom, I wanted to reply to this before I sent my last

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread RickG
[mailto:wireless-boun...@wispa.org] On Behalf Of RickG Sent: Tuesday, June 08, 2010 8:03 AM To: WISPA General List Subject: Re: [WISPA] legal entity type - was taxes Tom, I wanted to reply to this before I sent my last remarks. Rather than employee, I've been a subcontractor to my corporation

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread RickG
- Fixed Wireless Broadband - Original Message - From: RickG rgunder...@gmail.com To: WISPA General List wireless@wispa.org Sent: Tuesday, June 08, 2010 11:02 AM Subject: Re: [WISPA] legal entity type - was taxes Tom, I wanted to reply to this before I sent my last remarks. Rather

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread RickG
Oh, another question if you dont mind. What rate are you paying your CPA's? My new guy wants a $750 retainer just to file my 2009 S-Corp returns. I think thats high but maybe not, who knows? WISPA Wants You! Join

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread Aaron D. Osgood
21:32:58 To: WISPA General Listwireless@wispa.org Subject: Re: [WISPA] legal entity type - was taxes Oh, another question if you dont mind. What rate are you paying your CPA's? My new guy wants a $750 retainer just to file my 2009 S-Corp returns. I think thats high but maybe not, who knows

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread Jeromie Reeves
To: WISPA General Listwireless@wispa.org Subject: Re: [WISPA] legal entity type - was taxes Oh, another question if you dont mind. What rate are you paying your CPA's? My new guy wants a $750 retainer just to file my 2009 S-Corp returns. I think thats high but maybe not, who knows

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread Scottie Arnett
but they get it through self employment taxes. -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of RickG Sent: Tuesday, June 08, 2010 8:03 AM To: WISPA General List Subject: Re: [WISPA] legal entity type - was taxes Tom, I wanted

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread RickG
but they get it through self employment taxes. -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of RickG Sent: Tuesday, June 08, 2010 8:03 AM To: WISPA General List Subject: Re: [WISPA] legal entity type - was taxes Tom, I wanted to reply

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread RickG
® smartphone with Nextel Direct Connect -Original Message- From: RickG rgunder...@gmail.com Date: Tue, 8 Jun 2010 21:32:58 To: WISPA General Listwireless@wispa.org Subject: Re: [WISPA] legal entity type - was taxes Oh, another question if you dont mind. What rate are you paying your CPA's? My

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread RickG
: [WISPA] legal entity type - was taxes Oh, another question if you dont mind. What rate are you paying your CPA's? My new guy wants a $750 retainer just to file my 2009 S-Corp returns. I think thats high but maybe not, who knows

Re: [WISPA] legal entity type - was taxes

2010-06-08 Thread David Sovereen
-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of RickG Sent: Tuesday, June 08, 2010 8:03 AM To: WISPA General List Subject: Re: [WISPA] legal entity type - was taxes Tom, I wanted to reply to this before I sent my last remarks. Rather than employee, I've been

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread RickG
Its tempting to use a known CPA that is versed in our industry but I've had issues dealing with those out of state. With that said, I'm curious as to feedback on another issue. Who here is doing business as a sole proprietor? I've been an S-Corp for years but considering switching back due to its

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread Glenn Kelley
Rick Sole Proprietor has its own back of nuttiness. You and everything you own is on the line. I have been there and it is far from fun. In short - you simply don't want someone having an issue and you loosing your home, car - etc over it. Thus the reason after I lost my shirt once - I

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread Travis Johnson
We are an S-corp and have been since the first day we started. It provides personal protection against people suing you, etc. It also allows expenses by the corporation that may or may not be allowed as a sole proprietor (additional office locations, etc.). Again, you would need to check with

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread Tom DeReggi
is convert you to a Corp or LLC. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: RickG rgunder...@gmail.com To: WISPA General List wireless@wispa.org Sent: Monday, June 07, 2010 1:43 PM Subject: Re: [WISPA] legal entity type - was taxes

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread Tom DeReggi
IntAirNet- Fixed Wireless Broadband - Original Message - From: Eje Gustafsson e...@wisp-router.com To: 'WISPA General List' wireless@wispa.org Sent: Monday, June 07, 2010 3:37 PM Subject: Re: [WISPA] legal entity type - was taxes S corp here as well. Why. Well because our CPA and our financial

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread RickG
I agree which is why I did S-Corp from the start. But then again, I own nothing, so NO risk! Furthermore, I hear that the corporate veil can be pierced if you do the work. Its just disheartening how much crud you have to do to run a business (besides the actual business). Thanks for the input!

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread RickG
Same subject, different question: Are you an employee of the corp? On Mon, Jun 7, 2010 at 1:55 PM, Travis Johnson t...@ida.net wrote: We are an S-corp and have been since the first day we started. It provides personal protection against people suing you, etc. It also allows expenses by the

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread RickG
To: WISPA General List wireless@wispa.org Sent: Monday, June 07, 2010 1:43 PM Subject: Re: [WISPA] legal entity type - was taxes Its tempting to use a known CPA that is versed in our industry but I've had issues dealing with those out of state. With that said, I'm curious as to feedback on another

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread RickG
, 2010 3:37 PM Subject: Re: [WISPA] legal entity type - was taxes S corp here as well. Why. Well because our CPA and our financial advisor deemed due to our nature and size of our business it was considerably more beneficial for us to be a S corp then being an LLC or C corp. It was a hard draw

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread Larry Yunker
Rick, Your comment regarding owning nothing doesn't take into account the full picture. You have earnings and you will continue to earn money in the future. If you are found liable for a tort or even for a breach of contract as a sole proprietor, not only can the court order you to turn over

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread Tom DeReggi
yield similar benefits. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: RickG rgunder...@gmail.com To: WISPA General List wireless@wispa.org Sent: Monday, June 07, 2010 11:10 PM Subject: Re: [WISPA] legal entity type - was taxes Tom

Re: [WISPA] legal entity type - was taxes

2010-06-07 Thread Tom DeReggi
PM Subject: Re: [WISPA] legal entity type - was taxes Same subject, different question: Are you an employee of the corp? On Mon, Jun 7, 2010 at 1:55 PM, Travis Johnson t...@ida.net wrote: We are an S-corp and have been since the first day we started. It provides personal protection against