Small Companies Taking Advantage

I'm a small business owner and I'll write off every cent that I legally can. No apology for that...if I didn't do it I wouldn't be in business very long.

And the people that work for me? I figure that a good crew doesn't cost you money, a good crew makes money for you. They get treated accordingly.

 

If it is that bad and illegal be a whistleblower. Here is a story about a doctor who made millions by doing what is right. Sorry, I don't know how to do the small links.

http://www.stltoday.com/news/local/...cle_a99c4241-b2cd-5faf-ae2b-8d5970dc88d8.html

 

I'm not saying add regulations nor do I support or agree with a lot of them,but to some respect they need to be in place because without some sort of boundariesor restrictions things would be even worse. Both the employer and employee needrights, does this not make sense? Its those that violate these right simply becausethey think they can get away with it and greed basically drives this.

My point was some people who are owners really take advantage of the factthat they own a business and essentially steal from the backbone of thiscountry, which is middle class.

I do appreciate everyone’s responses even though I realize most are gabs forthe purpose of arguing to demonstrate superior intelligence or something.

 

I'm not talking all small companies, wow what a response.

Go get a beer, relax and re-read.

 

Oh I'm enjoying it, the responses are not a surprise at all.

 

I don't drink thanks

 

and what company do you own? . . . i thought you were like 20.

 

we think so.

 

...says the guy who started the pointless rant??..

...i got news for ya, ...everyone who takes responsibility for themselves "write stuff off", ..it's called doing your income tax returns, ...a penny saved is two pennies that won't be wasted by the .gov...

 

Sometimes things are a bit more complicated than that.

 

Let’s say I own a business and I decide that I want to go buy a personalcomputer for my daughter B-day and write it off as a business expense… is thisokay? No, but I wouldn't rant about it.

See this example is noting close to the magnitude of right-offs I'mreferring to and have seen. Think large scale like write offs for personalvehicles clearly not used for the business.

 

...well there's misuse, and then there's legitimate "write-off" of expenses, deprecitation, etc... small businesses have a much harder time competing in the market place w/ large chain businesses (mainly they don't have the supply chain, lawyers, and lobbying capability), ..so by paying less in taxes (which is what write-offs are) and providing unique service/products they have a chance to succeed - which equals more "choices" and competetion for consumers, let alone more employment...

 

If the computer is used only one time then you could use it as a write off. Same thing with a vehicle. It may only be used every now and then for the business but can still qualify.
If your curious then ask your accountant.

 

Yup. Sounds like the OP is jelly bc someone got a new car and he didn't.

 

The owners of small companies accept ALL of the financial risk of that company , maybe we should all just be employees , it would be great to show up 5 minutes before work and leave 1 minute after and not get any phone calls at night .

 

What's a fax ?