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  1. layoutshooter

    How much to save for taxes

    I agree with Ragman, make the time, yesterday, and get on a plan. There are penalties, fines, interest, that you may have to pay if you don't make those quarterly payments
  2. layoutshooter

    How much to save for taxes

    Better get a CPA quick, he/she/it can advise how much your quarterly payments should be.
  3. layoutshooter

    The affordable care act (obamacare) other info

    Nothing we have seen comes close to what you are posting. It's state by state for rates and even sometimes city by city.
  4. layoutshooter

    who all shows a loss on 1099 income

    I would suggest the you get an accountant that understands trucking. There is no use in messing around, after all, it is the IRS you would be messing around with.
  5. layoutshooter

    Higher Down Payments

    I would suggest 20% instead of ten. I would also suggest that you have AT LEAST 6 months personal AND business expenses in the bank. A year of each would be better. If things go south with the economy you are going to need it. Things are shaky right now, be careful. How long have you been in...
  6. layoutshooter

    lets all pay more taxes - 1099

    NO government can be trusted. NOTHING is worth losing ANY amount of freedom for. You might be willing to give up freedom for security, I am not. I KNOW that if that happens, I will have neither. Last century governments around the world were responsible for the MURDER of 100's of millions of...
  7. layoutshooter

    lets all pay more taxes - 1099

    Why should we have too? We already have receipts for every repair that we claim on taxes. The taxes on the profits of those shops have already been paid. IF audited I have all the records. If the shops are audited THEY have all the records. This is just ANOTHER case of government getting in the...
  8. layoutshooter

    lets all pay more taxes - 1099

    I guess I need to get with my accountant when we are home next time. When does all this stupidity start? :mad:
  9. layoutshooter

    Paperless Statements

    We have all of our records on a hard drive, a flash drive AND, at the end of the year, we put everything on a DVD and keep that in the gun safe. Paper files are keep in a box. We keep what little paper we have just to have it. You can't read them little receipts after a while.
  10. layoutshooter

    accouting/record keeping software ?

    We are not using a software accounting package. Mrs. Layoutshooter put together our own system based on an Excel spreadsheet. We added/subtracted different cells until we got exactly what we wanted. It suits our needs perfectly, being 100% designed for our business.
  11. layoutshooter

    Proof for Per Diem

    Yeah, I could not remember if it was 1/2 or 3/4. Thanks.
  12. layoutshooter

    Proof for Per Diem

    Does that give you a close enough picture to prove like, 1/2 per diem? For when you arrive at home or leave home?
  13. layoutshooter

    Proof for Per Diem

    What is the "official" IRS requirement for keeping log books to verify per diem?
  14. layoutshooter

    XM deduction

    Yepper!! At least in this business I only have one boss most of the time. :p
  15. layoutshooter

    XM deduction

    Mrs. Layoutshooter informs me that we have been deducting it ever since we put it on the truck. She handles that end of the business. I guess I should just ask her what is going on, eh? :p
  16. layoutshooter

    XM deduction

    Thanks for the info.
  17. layoutshooter

    XM deduction

    I was listening to the Lockridge report today, they had some tax guys on. Those guys claimed that XM radio was a legit tax deduction. It is considered a "business too" since it is used for traffic reports, weather etc. Any ideas?
  18. layoutshooter

    Lease from Spouse?

    I don't know how it works in trucking or if things are different than they were in the mid-70's but I used to workd for a company in Detroit that did EXACTLY that. The company was Detroit Ball Bearing. It was a family owned business. The same family owned the real estate company that leased all...
  19. layoutshooter

    Question

    True OVM, just trying to be sure. As taxes become more and more anti-business in this country one must be sure of what one is doing. I cannot afford to be giving money away. I doubt that many of us can. layoutshooter
  20. layoutshooter

    Question

    Our account tells us are records are better than 95% of the businesses he deals with so I am fairly competant about our numbers. We can and do file online but that just goes to the IRS and I have a funny feeling that they might not have our best interest in mind. I was wondering about a good...
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