If you can afford a new hummer, I bet you are probably not in the 10
or 15 percent bracket!

> Remember, a tax deduction only reduces your taxable income. Therefore, the true
> value of a deduction depends on what tax bracket you are in (10%, 15%, etc).

 

Mike... you are in Canada, correct? This sounds like the US tax
code. Is Canada's tax system identical? Just curious.



> LOL!
>
> That's Soooo easy man!
>
> I own a small company, me, myself and I lately are the employees, but
> have had up to 7 'employees' or sub contractors working at one time in
> the past.
>
> Just make sure you invite someone along to a fancy dinner or party first
> with a company name in your field behind them. They will bring a
> partner to as it is a 'business' social event. What you both do later
> is your own business. ;-)
>
> Entertainment deduction!
>
> You can even split the check and both or all claim if you need the claim
> above the basic allowance given each year. Most folks don't pass the
> basic so just claim the basic with no questions asked.
>
> Even taking a client and his wife on a 'business' trip to some exotic
> local can be a tax write off if you need that kind of drop in income to
> drop you a tax bracket....
>
> That is what good accountants get paid the big bucks for, eh....
>
> 'Totally' legit!
>
> So if you think about it like any local joke group type, or a 'Newfie'
> in our case might... well ---- dere b'y... I have a $2000.00 tax write
> off for 'entertainment' expenses a year on me company dere, lard
> tunderin jaysus, may as well use er up, keep the receipts and then I can
> claim above it eh, b'y! ;-)
>
> LOL!
>
> Mike
> 86/00 CJ7 Laredo, 33x9.5 BFG Muds, 'glass nose to tail in '00
> 88 Cherokee 235 BFG AT's
>
> Jeff Strickland wrote:
> >
> > Since when can one deduct the cost of Saturday night pleasures ....

 

Mike... you are in Canada, correct? This sounds like the US tax
code. Is Canada's tax system identical? Just curious.



> LOL!
>
> That's Soooo easy man!
>
> I own a small company, me, myself and I lately are the employees, but
> have had up to 7 'employees' or sub contractors working at one time in
> the past.
>
> Just make sure you invite someone along to a fancy dinner or party first
> with a company name in your field behind them. They will bring a
> partner to as it is a 'business' social event. What you both do later
> is your own business. ;-)
>
> Entertainment deduction!
>
> You can even split the check and both or all claim if you need the claim
> above the basic allowance given each year. Most folks don't pass the
> basic so just claim the basic with no questions asked.
>
> Even taking a client and his wife on a 'business' trip to some exotic
> local can be a tax write off if you need that kind of drop in income to
> drop you a tax bracket....
>
> That is what good accountants get paid the big bucks for, eh....
>
> 'Totally' legit!
>
> So if you think about it like any local joke group type, or a 'Newfie'
> in our case might... well ---- dere b'y... I have a $2000.00 tax write
> off for 'entertainment' expenses a year on me company dere, lard
> tunderin jaysus, may as well use er up, keep the receipts and then I can
> claim above it eh, b'y! ;-)
>
> LOL!
>
> Mike
> 86/00 CJ7 Laredo, 33x9.5 BFG Muds, 'glass nose to tail in '00
> 88 Cherokee 235 BFG AT's
>
> Jeff Strickland wrote:
> >
> > Since when can one deduct the cost of Saturday night pleasures ....

 

I don't know, but it is likely a lot the same.

As a small business, you can claim some basic deductions as a flat
rate. If you need to go above that for any reason, you must save all
the receipts.

Mike

Joshua Nelson wrote:
>
> Mike... you are in Canada, correct? This sounds like the US tax
> code. Is Canada's tax system identical? Just curious.
>
> > LOL!
> >
> > That's Soooo easy man!
> >
> > I own a small company, me, myself and I lately are the employees, but
> > have had up to 7 'employees' or sub contractors working at one time in
> > the past.
> >
> > Just make sure you invite someone along to a fancy dinner or party first
> > with a company name in your field behind them. They will bring a
> > partner to as it is a 'business' social event. What you both do later
> > is your own business. ;-)
> >
> > Entertainment deduction!
> >
> > You can even split the check and both or all claim if you need the claim
> > above the basic allowance given each year. Most folks don't pass the
> > basic so just claim the basic with no questions asked.
> >
> > Even taking a client and his wife on a 'business' trip to some exotic
> > local can be a tax write off if you need that kind of drop in income to
> > drop you a tax bracket....
> >
> > That is what good accountants get paid the big bucks for, eh....
> >
> > 'Totally' legit!
> >
> > So if you think about it like any local joke group type, or a 'Newfie'
> > in our case might... well ---- dere b'y... I have a $2000.00 tax write
> > off for 'entertainment' expenses a year on me company dere, lard
> > tunderin jaysus, may as well use er up, keep the receipts and then I can
> > claim above it eh, b'y! ;-)
> >
> > LOL!
> >
> > Mike
> > 86/00 CJ7 Laredo, 33x9.5 BFG Muds, 'glass nose to tail in '00
> > 88 Cherokee 235 BFG AT's
> >
> > Jeff Strickland wrote:
> > >
> > > Since when can one deduct the cost of Saturday night pleasures ....

 

I don't know, but it is likely a lot the same.

As a small business, you can claim some basic deductions as a flat
rate. If you need to go above that for any reason, you must save all
the receipts.

Mike

Joshua Nelson wrote:
>
> Mike... you are in Canada, correct? This sounds like the US tax
> code. Is Canada's tax system identical? Just curious.
>
> > LOL!
> >
> > That's Soooo easy man!
> >
> > I own a small company, me, myself and I lately are the employees, but
> > have had up to 7 'employees' or sub contractors working at one time in
> > the past.
> >
> > Just make sure you invite someone along to a fancy dinner or party first
> > with a company name in your field behind them. They will bring a
> > partner to as it is a 'business' social event. What you both do later
> > is your own business. ;-)
> >
> > Entertainment deduction!
> >
> > You can even split the check and both or all claim if you need the claim
> > above the basic allowance given each year. Most folks don't pass the
> > basic so just claim the basic with no questions asked.
> >
> > Even taking a client and his wife on a 'business' trip to some exotic
> > local can be a tax write off if you need that kind of drop in income to
> > drop you a tax bracket....
> >
> > That is what good accountants get paid the big bucks for, eh....
> >
> > 'Totally' legit!
> >
> > So if you think about it like any local joke group type, or a 'Newfie'
> > in our case might... well ---- dere b'y... I have a $2000.00 tax write
> > off for 'entertainment' expenses a year on me company dere, lard
> > tunderin jaysus, may as well use er up, keep the receipts and then I can
> > claim above it eh, b'y! ;-)
> >
> > LOL!
> >
> > Mike
> > 86/00 CJ7 Laredo, 33x9.5 BFG Muds, 'glass nose to tail in '00
> > 88 Cherokee 235 BFG AT's
> >
> > Jeff Strickland wrote:
> > >
> > > Since when can one deduct the cost of Saturday night pleasures ....

 

Probably, in the thirty eight percentile like Governor Arnie of
Kalyfornia or our own Earle: http://earleh.tripod.com/w2.html
God Bless America, ßill O|||||||O
mailto:-------------------- http://www.----------.com/

Joshua Nelson wrote:
>
> If you can afford a new hummer, I bet you are probably not in the 10
> or 15 percent bracket!

 

Probably, in the thirty eight percentile like Governor Arnie of
Kalyfornia or our own Earle: http://earleh.tripod.com/w2.html
God Bless America, ßill O|||||||O
mailto:-------------------- http://www.----------.com/

Joshua Nelson wrote:
>
> If you can afford a new hummer, I bet you are probably not in the 10
> or 15 percent bracket!

 

Wow. I take back what I said about no sane person finding the Brute
within their budget. Looks like Earle could easily order a half dozen
of them.

> Probably, in the thirty eight percentile like Governor Arnie of
> Kalyfornia or our own Earle: http://earleh.tripod.com/w2.html

 

Wow. I take back what I said about no sane person finding the Brute
within their budget. Looks like Earle could easily order a half dozen
of them.

> Probably, in the thirty eight percentile like Governor Arnie of
> Kalyfornia or our own Earle: http://earleh.tripod.com/w2.html