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] On Behalf Of George Rogato Sent: 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. George John Scrivner wrote: > Yes. We earn salary and profits. It is not as much as I would like but > our company is profitable and has been for 9 years. > Scriv > > > Brian Rohrbacher wrote: > >> Is this all such a big deal? You guys actually have profits!? >> >> Brian >> >> John Scrivner wrote: >> >>> I do not think any WISPs here really know the answer to this. What is >>> needed is an answer from an accountant. If anyone on here is a CPA >>> and can share what the rules are I would be glad to see them. I do >>> not believe that simply drawing profits from a S corp WISP as opposed >>> to taking a salary is tax evasion. In a S corp you pay taxes for >>> profits same as you do for payroll. Where you might have a problem is >>> with unemployment insurance, social security, workmans comp, etc. >>> Those are based on payroll. Profits are not in the calculation. >>> Essentially you are dodging those when you do not take a salary. >>> Scriv >>> >>> >>> >>> Charles Wu wrote: >>> >>>> <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 or not, and of what caliber. >>>> </snip> >>>> >>>> B/c when you get audited by the IRS (which for any small business, >>>> is just a >>>> matter of time), you will FINED for tax evasion... >>>> >>>> -Charles >>>> >>>> ------------------------------------------- >>>> 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 >>>> 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, 2006 8:55 PM >>>> Subject: [WISPA] salary >>>> >>>> >>>> >>>> >>>>> Hi, >>>>> >>>>> Just taking a quick survey... answer if you can, but be honest... ;) >>>>> >>>>> What is the salary of the CEO of your ISP? Even if you can share the >>>>> percentage of that salary compared to annual gross revenue... >>>>> >>>>> Travis >>>>> Microserv >>>>> -- >>>>> WISPA Wireless List: wireless@wispa.org >>>>> >>>>> Subscribe/Unsubscribe: >>>>> http://lists.wispa.org/mailman/listinfo/wireless >>>>> >>>>> Archives: http://lists.wispa.org/pipermail/wireless/ >>>>> >>>> >>>> >>>> >>>> -- George Rogato Welcome to WISPA www.wispa.org http://signup.wispa.org/ -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
