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 your accountant. They are the only ones that can give you exact information. Travis Microserv RickG wrote: > 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 simplicity. This Corp stuff doesnt seem > worth all the hassle. > Thanks! > > On Fri, Jun 4, 2010 at 12:05 PM, Marlon K. Schafer <o...@odessaoffice.com> > wrote: > >> I'm with Travis on this one. Sometimes we take the entire hit at once, >> other times we spread it out. It kind of depends on what we need for >> deductions and what the equipment is. >> >> Our accountant has taken a lot of time to learn this industry and is really >> good. The phone number is 509.982.2922 if anyone is looking for a good one. >> >> laters, >> marlon >> >> ----- Original Message ----- >> From: "RickG" <rgunder...@gmail.com> >> To: "WISPA General List" <wireless@wispa.org> >> Sent: Thursday, June 03, 2010 11:55 AM >> Subject: Re: [WISPA] taxes >> >> >> >>> Travis, thanks for your input. I'm really looking for feedback as to >>> what our industry's standard is. I submit that the IRS does not look >>> at it as a "personal, business choice". I'd rather do it correctly now >>> than find out from the IRS I'm doing it wrong. >>> >>> On Thu, Jun 3, 2010 at 12:44 PM, Travis Johnson <t...@ida.net> wrote: >>> >>>> This is a personal, business choice. There is no set answer. Some of our >>>> equipment we expense and some we depreciate. It all depends on what tax >>>> breaks you need now vs. later. >>>> >>>> Travis >>>> Microserv >>>> >>>> >>>> RickG wrote: >>>> >>>>> Everyone's favorite subject :) >>>>> >>>>> I'm getting mixed information form my accountants on this and want to >>>>> know what everyone else is doing. The basic question is this: Are you >>>>> expensing or depreciating the equipment? Equipment being radios (AP & >>>>> CPE), antennas, switches, firewalls, etc. >>>>> With the cost of the electronics being so low, its not making much >>>>> sense to depreciate. Which takes me to a second question: Have any >>>>> WISPs been audited by the IRS for this reason? >>>>> >>>>> Thanks in advance! -RickG >>>>> >>>>> >>>>> -------------------------------------------------------------------------------- >>>>> WISPA Wants You! Join today! >>>>> 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 Wants You! Join today! >>>> 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 Wants You! Join today! >>> 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 Wants You! Join today! >> 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 Wants You! Join today! > 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 Wants You! Join today! 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/
