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12-13-2009, 10:07 AM #1Rude and Vile Master
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Tax Question - Contributions to Business
Yes, I'm preparing my 2009 business taxes already. What can I say, I'm a nerd.
Question - I've set up a payroll contribution to automatically go into the business account. Am I right in thinking that this qualifies as a "contribution to the business from a capital account" for tax purposes?If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
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