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re: How can I reduce my taxable income?
Posted on 4/16/12 at 12:40 pm to ColdDuck
Posted on 4/16/12 at 12:40 pm to ColdDuck
quote:
I do mileage rather than car writeoffs since I get more on teh mileage side.
Good call. The reason I ask is a friend of mine had a small business going and wasn't paying mileage nor did he have a company car.
quote:
I rent space... all that gets written off as expenses.
Buying a space could knock down the taxable income. If possible, with more space than you need and rent out the rest.
This post was edited on 4/16/12 at 12:41 pm
Posted on 4/16/12 at 12:47 pm to LSU0358
quote:
Buying a space could knock down the taxable income. If possible, with more space than you need and rent out the rest.
Well that is a thought! I may have to look into this.
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