Hi Guys, sorry for the old thread getting archived before I could respond to everyone.
Took a visit to the vet with the new puppy, pic is of him.
If you posted and I didn't respond previously, you will find those responses here.
Green Text will be the questions:
> (OP)
>what's the best ways I can write shit off as a >small business owner?
>What are some cool things that I didn't know >I could write off.
1) You can write off what you spend as business expenses. The most commonly missed ones are mileage traveling for work (not commuting, but to vendors, from one business location to another, etc).
2) Nothing "Cool" you can write off really, but, I will give you the best advice as a small business owner. Become an S-Corp. I will briefly explain why. In an S Corp, the K-1 profits are passed through to the owner, and the owner pays taxes on them (no tax at the corporate level). However, these profits are NOT taxed with Social Security and Medicare, just straight income tax (that's 7.65% in your pocket).
Now, the IRS requires that you take a fair and reasonable salary. So, if you profit $50,000, you can give yourself a $20,000 salary, and save FICA taxes on $30,000 ( $2,295 dollars saved).
>Sophomore in College studying Accounting and hoping to be a CPA. What is some advice/stuff you wish you would've done in college to prepare yourself for the workforce. Also what is the best way to get your foot into the door at an Accounting firm?
1) Read, read, read. You see all those 1,000+ page books you get, but only read parts of? Read the whole thing. Re read those books. Know your shit so well that anyone could quiz you 100 different ways and you will not only be correct, but confident you are correct.
That is invaluable.
2) Best way to get your foot in at a firm? Big 4? network network network. Find out where they are going for job fairs, get your resume and cover letter up, practice your public speaking and go out and contact them.