BACON BITES!

[dawdaw]

Larry you guys getting even more?

[popo8]

Larry you guys getting even more?

You mean today?

LTXtech.com is my drug.

[popo8]

LTXtech.com is my drug.

[Blackbird96WS6]

^ Lol

Sooo we narrowly saved our own asses this year on taxes. At first our guy told us we were going to owe $1100 :eek: so I decided to tell him about my Opti-Armor sales and let him work his magic. He got it to where we were going to get $356 in return now, and his fee was $350, sooo we got $6 back this year lmao. I need to change my W2 or W4 or whatever it is at work. Apparently we got so screwed because mine is still showing 3 deductions from when Monika wasn't working yet. Need to set both of ours to only 1 for next year and we'll be good.

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[popo8]

I have my taxes set up.to gamble.the line of owing. I hate using the govt as a savings account to hold my money... I want my money amd i want it now... Ill create.my own savings accounts.


Btw...are u a registered business for the opti armor?

LTXtech.com is my drug.

[Blackbird96WS6]

Not yet, but he said it might be a good idea to legitimize it as an LLC this year. I tend to run my taxes about the same, right on the line of breaking even. Just forgot to switch my W4 when Monika started working.

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[firebird_1995]

Not yet, but he said it might be a good idea to legitimize it as an LLC this year. I tend to run my taxes about the same, right on the line of breaking even. Just forgot to switch my W4 when Monika started working.

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There's no need to go LLC. Just do a sole proprietorship. Zero cost, and all the tax benefits.

[popo8]

I agree with u both. U should make it legit... and unless u feel that u will grow to the point where u need to protect urself from personal.to professional assets dont bother with the LLC.

LTXtech.com is my drug.

[Blackbird96WS6]

There's no need to go LLC. Just do a sole proprietorship. Zero cost, and all the tax benefits.

That's what he filed it all under this year. There's pros and cons to each side, though. Sole proprietorship = no cost for me, but LLC = protection if anyone decides to act like a nutjob and try to sue me over an Opti-Armor. I'm gonna see how sales keep up through this Spring and make a decision based on if it seems to be growing or not.

[firebird_1995]

An LLC costs $500 in Illinois to set up. Every year its another $250 to renew. Your solution is simple. "For off road use only"