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 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/ >> >> > > > -------------------------------------------------------------------------------- > 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! 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