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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Neeka who wrote (315014)7/16/2009 6:03:57 AM
From: Nadine Carroll4 Recommendations  Read Replies (4) | Respond to of 793900
 

We'll just have to make sure our business doesn't earn (after deductions) more than $279,000 a yr. I don't doubt many folks are thinking the same thing

But those earnings subject to the tax are profit, right? the number doesn't include labor, cost of goods, capital expenditures or G&A, right?

It sounds like an incentive to start a new small business rather than expanding an existing one.



To: Neeka who wrote (315014)7/16/2009 11:22:33 AM
From: MulhollandDrive  Read Replies (3) | Respond to of 793900
 
simple answer...convert to a C corp....

we did that years ago, and it was because of health care....at the time health care premiums were not deductible....under a C corp they were....

additionally, under a C corp you can 'manage' your compensation, so note to self....do not 'earn' any more than $350k per year


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