Re: [Avid-L2] Re: OT: Tax Tips

Don't forget to have written logs of all your millage. That's all tax
deductible if you're freelancing. As is a percentage of your cell phone
bill if you use it for business purposes - even better to have a number
dedicated to business. My accountant advised me that my cable bill
could be deductible, although that's a little gray, because we have to
be able to monitor the industry and competition. Don't try to write off
a home office, unless you can prove it's completely isolated from the
rest of your house. Accountant says that's recently a major red flag.

Mark

On 12/15/09 6:41 AM, switthaus wrote:
>
> pay your quarterlies...you really don't have as much money as you think...
>
> --- In Avid-L2@yahoogroups.com <mailto:Avid-L2%40yahoogroups.com>,
> "Terence Curren" <tcurren@...> wrote:
> >
> >
> >
> > --- In Avid-L2@yahoogroups.com <mailto:Avid-L2%40yahoogroups.com>,
> "avidintelligence" <gochya@> wrote:
> >
> >
> > <<I thought I would just throw this out there to draw on our
> collective wisdom. Any great last minute tax tips that someone can
> share. I've been freelancing the entire year and I wanted to know if
> there are any smart things to do before the end of the year.>>
> >
> > Spend it on job related items to give at least half to the
> government. Your choice.
> >
>
>

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