17 Feb 18, 01:25 PMstaceyhome: wow, I see I left too early. Sam, yes we have the State business license already. Rep we will be calling you soon for 2017 taxes. Thanks all!
16 Feb 18, 04:34 PMJLMom2: I like throwing that monkey wrentch out there
16 Feb 18, 04:32 PMJLMom2: night all
16 Feb 18, 04:26 PMkurt: I'll probably do a morning report on Monday, since I'll be working. I'm kind of hoping for a slow day. I've got a lot of catching up to do.
16 Feb 18, 04:26 PMkurt: So on that note, I bid you all a fond adieu.
16 Feb 18, 04:25 PMkurt: And now I'm dizzy from the tax form talk
16 Feb 18, 04:25 PMkurt: We fill out a county property tax form for the business.
16 Feb 18, 04:24 PMkurt: Stacey, I haven't seen a DBA in the paper in a long time.
16 Feb 18, 04:21 PMBaddogLT: Do you rec. Cash or Accrual for a small business? We grew enough that the conversion from cash to accrual for selling the business was quite spendy.
16 Feb 18, 04:08 PMrephome: true, BD, I think its value of all equipment, vehicle, sprayer, safety gear etc. I don't specialize in county taxes. The big issue from my perspective is a full corporation (S or C) requires two tax returns a year. Same with a Partnership. One return due 3/15 then personal return due 4/15. LLCs may or may not require 2 returns depending on circumstances. Partnerships, LLC and S corp the income or loss goes through to the owners 1040. C corp pays tax on profit, distributes the profits to stock holders who then also pay tax on the same income.
16 Feb 18, 04:06 PMBaddogLT: Or were vehicles exempted by one of the ballot initiatives a few years back? Seems like there was something to encourage business to buy vehicles?
16 Feb 18, 04:06 PMSam: Did you get your State license?
16 Feb 18, 04:01 PMrephome: i agree with JL, talk to someone about how the various entities can and can't help you. And if you chose one follow the rules. corporations for a small business can be cast aside by the courts leaving you liable if you don't follow the rules.
16 Feb 18, 04:01 PMBaddogLT: What JL said! And @Rep, the only tax difference would be the county business property tax, right? If he registers truck to corp for the liability shield, gotta claim truck as a taxable asset? The list in the form, below doesn't specifically call out a vehicle but...
16 Feb 18, 03:55 PMJLMom2: I think before you file he needs to talk to some people that might know some stuff to keep him and YOU safe
16 Feb 18, 03:53 PMrephome: it would only be for liability issues, tax wise is no different. Can even incorporate and be a single person S corp
16 Feb 18, 03:52 PMBaddogLT: Yup. And just for driving around the truck should be registered to the LLC. Insurance might go up but peace of mind...
16 Feb 18, 03:35 PMJLMom2: he is in an industry with some liability
16 Feb 18, 02:56 PMstacey: yea, we have that filled out baddog, going to the treasurers office after work I think
16 Feb 18, 02:56 PMstacey: no, he doesn't wan tto, I think we should though
16 Feb 18, 02:56 PMJLMom2: stacey are you settin gup an llc?
16 Feb 18, 02:55 PMBaddogLT: Fictitious name with County. Doesn't look like publication is required (it wasn't way back when I had one). https://cltr.douglasnv.us/wp-content/uploads/2015/10/Fictitious-Firm-Filing-Business-Instructions.pdf
16 Feb 18, 02:47 PMstacey: hey Kurt, hubby asked me to find out if we are supposed to put a DBA in the paper?
16 Feb 18, 02:46 PMkurt: Coming Sunday.
16 Feb 18, 02:46 PMkurt: Big old legal ad serving as the obituary for the redevelopment district No. 1
16 Feb 18, 02:45 PMkurt: Right!?
16 Feb 18, 02:29 PMJLMom2: only here
16 Feb 18, 02:20 PMkurt: He was nice, though. Went to high school with the Mrs.
16 Feb 18, 02:16 PMstacey: lol
16 Feb 18, 02:16 PMkurt: Guy walks past The R-C with a sign on a Friday afternoon he shouldn't be surprised to develop a trail of reporters.
16 Feb 18, 02:15 PMkurt: Just chased down our first protester.
16 Feb 18, 02:12 PMBob: Much less charge them for it.
16 Feb 18, 02:11 PMBob: That makes sense. There are some dishes that you just don't feed to non-Filipinos.
16 Feb 18, 02:09 PMBaddogLT: Silver Springs just has Lumpia. IIRC Gemma T's in Rio Vista had some noodle and meat dishes.
16 Feb 18, 02:05 PMBob: Filipino restaurant? Interesting. Not sure I'd go, though.
16 Feb 18, 02:00 PMkurt: Generally take the Weeks cutoff when we go that way, too though.
16 Feb 18, 02:00 PMkurt: I love that sign.
16 Feb 18, 01:49 PMBaddogLT: There used to be a Filipino / Mexican / Burger joint in Rio Vista by the original Lira's. Good stuff, basic walk up diner burgers. Gone last time we went through.
16 Feb 18, 01:44 PMadlingville: Ok Thanks BD 😀
16 Feb 18, 01:37 PMBaddogLT: Looks like only other places are chain or casino.