[ Posted: Sunday, September 24th, 2006 at 11:42 pm ][ Category: Accounting. ][ RSS Feed ][ Comment ][ trackback ][ ]
Working as an adult webmaster, you most likely have a pretty good amount of income and expenses to manage. If you are like me, generally you buy anything that can help you get a new edge on the competition and be first to market with something new. Regardless if it’s redesigning a site or adding on to the server farm. Spend, Spend, Spend…Profit, Profit, Profit…Repeat.
Only to find at the end of the year, Uncle Sam has you grabbing your ankles.
When tax season rolls around you gotta have a gameplan. Start by incorporating your business in the Canari Islands… just kidding?! Start by trying to find every writeoff possible. If you work from home and are showing too much profit, buy a big screen plasm TV. Afterall, you only use it for market trend research and you need to have some big business expenses.
Here’s some nice ideas for writeoff info I ran across last tax season: Tax Writeoff Resource Thread.