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<p class=MsoNormal><font size=3 color=blue face="Comic Sans =
MS"><span
style='font-size:12.0pt;font-family:"Comic Sans MS";color:blue'>A =
corporate
structure – an “S” corporation – is cheap and
easy. And the laws governing small “S” corporations =
reveal
all sorts of ways to take money out of the business without paying =
income
taxes, all legal. I operated as a proprietorship for a long. =
Then,
I incorporated, a number of years ago, and have wished I did it =
sooner. It’s
simpler, truly a lot simpler. Don’t be afraid to =
incorporate.
<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=blue face="Comic Sans =
MS"><span
style='font-size:12.0pt;font-family:"Comic Sans =
MS";color:blue'>JRW<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=blue face="Comic Sans =
MS"><span
style='font-size:12.0pt;font-family:"Comic Sans MS";color:blue'>P.S.: =
It’s
a convenient estate planning vehicle, too!<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=blue face="Comic Sans =
MS"><span
style='font-size:12.0pt;font-family:"Comic Sans =
MS";color:blue'><o:p> </o:p></span></font></p>
<div>
<div class=MsoNormal align=center style='text-align:center'><font =
size=3
face="Times New Roman"><span style='font-size:12.0pt'>
<hr size=2 width="100%" align=center tabindex=-1>
</span></font></div>
<p class=MsoNormal><b><font size=2 face=Tahoma><span =
style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font =
size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'>
pianotech-bounces@ptg.org [mailto:pianotech-bounces@ptg.org] <b><span
style='font-weight:bold'>On Behalf Of </span></b>Piannaman@aol.com<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, January =
03, 2006
7:52 PM<br>
<b><span style='font-weight:bold'>To:</span></b> pianotech@ptg.org<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: Separate
business/personal accounts?</span></font><o:p></o:p></p>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span =
style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<div>
<div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'>Richard,<o:p></o:p></span></font></=
p>
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'> <o:p></o:p></span></font></p>=
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'>I've been using my personal =
checking
account for business for the last 4 years and have had no =
problems. I
keep track of all expenses and income as I go. My business name is =
Dave
Stahl Piano Service(my name is in the business name), which, in CA at =
least,
allows you to deposit business checks into your personal account. =
<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'> <o:p></o:p></span></font></p>=
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'>I'm to the point where I should =
probably
worry about audits, and who sees my accounts. It's all pretty
straightforward and simple as it is, though. I feel =
like a
money funnel. Money passes through me and into other hands--IRS's =
and
landlord's, mostly(BTW, can anybody explain to me what =
"Service"
they perform?...isn't it false advertising to call themselves a =
"Service"
if indeed they offer nothing for the money taken from those who actually =
earn
it?). If I'm lucky, I can bank a bit and have some left over for a
vacation.<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'> <o:p></o:p></span></font></p>=
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'>All money for estimated taxes goes
temporarily into savings until the time comes to write the dreaded =
quarterly
check. <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'> <o:p></o:p></span></font></p>=
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'>It's worked for me so far. =
When my
tax accountant suggests a change, I will consider =
doing something
else.<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'> <o:p></o:p></span></font></p>=
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'>Dave =
Stahl<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'> <o:p></o:p></span></font></p>=
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'>In a message dated 1/3/2006 =
8:58:07 A.M.
Pacific Standard Time, <st1:PersonName =
w:st="on">deanmay@pianorebuilders.com</st1:PersonName>
writes:<o:p></o:p></span></font></p>
</div>
<blockquote style='border:none;border-left:solid blue =
1.5pt;padding:0in 0in 0in 3.0pt;
margin-left:3.0pt;margin-top:5.0pt;margin-bottom:5.0pt'>
<p class=MsoNormal =
style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color=navy face=Arial><span =
style='font-size:10.0pt;font-family:Arial;
color:navy'>Hi Richard<o:p></o:p></span></font></p>
<p class=MsoNormal =
style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color=navy face=Arial><span =
style='font-size:10.0pt;font-family:Arial;
color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal =
style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color=navy face=Arial><span =
style='font-size:10.0pt;font-family:Arial;
color:navy'>By being self employed you place yourself in a category of =
being
higher risk for an audit. I’ve been audited twice. If you =
co-mingle the
funds then they will automatically be going through all of your personal
records as well. <o:p></o:p></span></font></p>
<p class=MsoNormal =
style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color=navy face=Arial><span =
style='font-size:10.0pt;font-family:Arial;
color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal =
style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color=navy face=Arial><span =
style='font-size:10.0pt;font-family:Arial;
color:navy'>The fewer records they go through, the better, IMHO. Since =
having 2
audits (none of which turned up anything significant and the second one =
they
did go through all of my personal records) I now pay as much as I can by =
cash
for personal expenses. <span class=grame>None of their business so I =
am not
keeping any records.</span> Every time you write a check, use a credit =
card,
use a drug store/grocery store discount card, make an ATM withdrawal, =
you are
leaving a paper trail. Don’t kid yourself that you have nothing to =
hide.
One of the things they didn’t like in my personal records was how =
much I
gave to charity. Now nobody knows. <o:p></o:p></span></font></p>
<p class=MsoNormal =
style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color=navy face=Arial><span =
style='font-size:10.0pt;font-family:Arial;
color:navy'><o:p> </o:p></span></font></p>
</blockquote>
</div>
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial><span =
style='font-size:
10.0pt;font-family:Arial;color:black'> <o:p></o:p></span></font></p>=
</div>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial =
FAMILY=SANSSERIF
PTSIZE=10><span =
style='font-size:10.0pt;font-family:Arial;color:black'>Dave
Stahl<br>
<br>
Dave Stahl Piano Service<br>
650-224-3560<u><br>
<a =
href="http://www.dstahlpiano.net/">http://dstahlpiano.net/</a></u><o:p>=
</o:p></span></font></p>
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