Like Show Business
January 11th, 2006
The best way as a business owner to file taxes to show a personal income w/o showing my business as income?
I am a new small business owner, at this time I am able to show a small loss on my taxes which has made it hard for me to apply for a personal loan. Is there a way I can do my taxes seperatly and not have to show the business’ loss and still show me as having an income.
My goal is to be able to walk into a bank and get a personal loan like I did prior to owning this business when I would just get a W2 from my employer.
I was not planning on being dishonest. I was just saying that there is no need for them to know my business about my business for a personal loan.
Incorporate your business.
You will be a regular W-2 employee, with a salary, and your corporation’s finances will be of no interest to the bank for a personal loan.
Then at tax time, your salary is a tax deduction from the corporation’s finances, so you can still take a loss on the business for tax purposes.
There’s No Business Like Show Business
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There’s No Business Like Show Business [VHS] $7.98 This 1954 dinosaur brings together two giants of Broadway, Ethel Merman and Irving Berlin, just as their moment was passing forever, to create one last hurrah: a celebration of the glories that were vaudeville. Still, it’s hard to imagine that Broadway–or nightclub entertaining, for that matter–was ever quite this lavish and satisfying. The story centers on a married couple, the Donahues (Dan D… |
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