RE: [WISPA] salary WARNING: DON'T DO IT! THREAD ENDED

2006-12-19 Thread Rick Harnish
] [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

Re: [WISPA] salary

2006-12-19 Thread Travis Johnson
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

Re: [WISPA] salary

2006-12-19 Thread Matt Liotta
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

RE: [WISPA] salary

2006-12-19 Thread Rick Smith
: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

Re: [WISPA] salary

2006-12-19 Thread George Rogato
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

Re: [WISPA] salary

2006-12-19 Thread Peter R.
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

Re: [WISPA] salary

2006-12-19 Thread Frank Muto
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

Re: [WISPA] salary

2006-12-18 Thread George Rogato
: 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

RE: [WISPA] salary

2006-12-18 Thread Gino A. Villarini
: 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

Re: [WISPA] salary

2006-12-18 Thread George Rogato
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

RE: [WISPA] salary

2006-12-18 Thread Brad Belton
' 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

RE: [WISPA] salary

2006-12-18 Thread Mac Dearman
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

RE: [WISPA] salary

2006-12-18 Thread Gino A. Villarini
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

Re: [WISPA] salary

2006-12-18 Thread Matt Larsen - Lists
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

Re: [WISPA] salary

2006-12-18 Thread Tom DeReggi
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

Re: [WISPA] salary

2006-12-18 Thread Tom DeReggi
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

Re: [WISPA] salary

2006-12-18 Thread Tom DeReggi
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

Re: [WISPA] salary

2006-12-18 Thread Tom DeReggi
- 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

Re: [WISPA] salary

2006-12-18 Thread Tom DeReggi
] 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

Re: [WISPA] salary

2006-12-18 Thread Peter R.
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

Re: [WISPA] salary

2006-12-18 Thread Lonnie Nunweiler
- - 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

Re: [WISPA] salary

2006-12-17 Thread John Scrivner
-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

Re: [WISPA] salary

2006-12-17 Thread Mark Koskenmaki
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

Re: [WISPA] salary

2006-12-17 Thread Peter R.
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

Re: [WISPA] salary

2006-12-17 Thread Brian Rohrbacher
--- 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

Re: [WISPA] salary

2006-12-17 Thread John Scrivner
] [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

Re: [WISPA] salary

2006-12-16 Thread George Rogato
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:

RE: [WISPA] salary

2006-12-16 Thread Rick Smith
:[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

RE: [WISPA] salary

2006-12-16 Thread Charles Wu
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

Re: [WISPA] salary

2006-12-15 Thread Tom DeReggi
DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Rick Smith [EMAIL PROTECTED] To: 'WISPA General List' wireless@wispa.org Sent: Thursday, December 14, 2006 11:05 PM Subject: RE: [WISPA] salary I've been going through a bunch of sale / merger

Re: [WISPA] salary

2006-12-15 Thread Peter R.
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

Re: [WISPA] salary

2006-12-15 Thread Larry Yunker
- 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

Re: [WISPA] salary

2006-12-15 Thread Frank Muto
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

Re: [WISPA] salary

2006-12-15 Thread Peter R.
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

Re: [WISPA] salary

2006-12-15 Thread Travis Johnson
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

RE: [WISPA] salary

2006-12-14 Thread CHUCK PROFITO
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]

Re: [WISPA] salary

2006-12-14 Thread Marlon K. Schafer
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

RE: [WISPA] salary

2006-12-14 Thread Rick Smith
: 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

RE: [WISPA] salary

2006-12-14 Thread Gino A. Villarini
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

Re: [WISPA] salary

2006-12-14 Thread Larry Yunker
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

Re: [WISPA] salary

2006-12-14 Thread Tom DeReggi
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