I'm clearer on what you are asking...sm - Anon Posted: Oct 19th, 2015 - 8:04 am In Reply to: Thanks - MT
If you are IC for a MTSO or directly with a facility, if you normally charge 0.14/line, and they say NO, we'll pay you 0.08/line, then that's your contractually agreed upon rate. You could try sending them an invoice for 0.14/line, but they might get a bit peeved at you. I don't think what you are wanting to do is feasible or advisable. If you have a small business CPA do your taxes, they will find every possible business expense and/or deduction to reduce the amount of income you will be paying taxes on. That's how to beat them at their game of low balling the line rate. Having a good CPA do your taxes is priceless. Mine told me to keep track of mileage I used to go to Staples to buy paper, printer ink, or anything office related. I even deduct a bit of postage I used to pay bills related to my office. He also told me that the phone is not deductible unless it is a separate line used only for business purposes. A portion of your home phone is not deductible. His fee ($250) is also a deduction and well worth it.
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Complete Discussion Below: (  marks the location of current message within thread)
- Billing question - MT (Views: 449, 2015-10-18, 3:03 pm)
- as an IC, I use...sm - Anon (Views: 424, 2015-10-18, 5:20 pm)
- Thanks - MT (Views: 350, 2015-10-19, 3:00 am)
- I'm clearer on what you are asking...sm - Anon
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