Search found 231 matches

by camiboxer
Tue Apr 28, 2015 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: S. Corp questions
Replies: 32
Views: 2414

Re: S. Corp questions

This was never about us wanting to take large distributions in an attempt to pay less in payroll taxes. The subject matter was HOW the payroll taxes were going to be paid. The current way was with monthly installments to the IRS and state and a W2 was in the mix. New way would have been to take the ...
by camiboxer
Mon Apr 27, 2015 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: S. Corp questions
Replies: 32
Views: 2414

Re: S. Corp questions

Thanks again for all of your insight and wisdom. I spoke to the accountant and was told this: The "draw" is to be my husbands WAGES. Not a distribution. He will be "drawing" a specific, pre determined income, the same as was his W2 employee income. He will pay income tax on this ...
by camiboxer
Mon Apr 27, 2015 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: S. Corp questions
Replies: 32
Views: 2414

Re: S. Corp questions

So let me get this straight...new accountant is advising you to avoid paying a salary altogether and instead pay yourself as an independent contract reporting the income on Sch C subject to SE tax? If this is the case, I would strongly consider continuing the search for your new accountant. Please ...
by camiboxer
Mon Apr 27, 2015 11:13 am
Forum: Personal Consumer Issues
Topic: how to ask friend my money back?
Replies: 32
Views: 3822

Re: how to ask friend my money back?

"Hey... do you need the receipt for the food I picked up for you last week? I seem to have misplaced it but can check with the restaurant and see if they can get a duplicate for you."
by camiboxer
Mon Apr 27, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: S. Corp questions
Replies: 32
Views: 2414

Re: S. Corp questions UPDATE

UPDATE: This is the explanation I have received from accountant. It makes sense in theory however it is new to me so I am still skeptical. In effect, we are not “stopping his salary, but changing it to a “draw”. The IRS is peculiar about this in that some people try to expense their draws, and avoi...
by camiboxer
Sun Apr 26, 2015 6:52 am
Forum: Personal Finance (Not Investing)
Topic: S. Corp questions
Replies: 32
Views: 2414

Re: S. Corp questions

I appreciate all of your replies and opinions. I suspect that I have misunderstood what the accountant is suggesting or worst case scenario he is just wrong. At any rate I was perfectly happy with the way things were being done over the past few years since start-up. Will post when I have spoken to ...
by camiboxer
Sat Apr 25, 2015 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: S. Corp questions
Replies: 32
Views: 2414

Re: S. Corp questions

It appears there may be a "form over substance" issue here that is creating some misunderstanding. You seem to be trying to draw a difference between "Owner Salary" and "W-2 employee" when none exists. His salary will be reported on a W-2 form and you will still need t...
by camiboxer
Sat Apr 25, 2015 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: S. Corp questions
Replies: 32
Views: 2414

Re: S. Corp questions

The IRS wants payroll taxes. If you try to convert payroll to dividends, the IRS will object, you must pay a reasonable salary to the owner that does the work. The IRS does allow quite a bit of latitude in what is reasonable. Paying 15% of the net profit before payroll out as dividends is certainly...
by camiboxer
Sat Apr 25, 2015 10:31 am
Forum: Personal Finance (Not Investing)
Topic: S. Corp questions
Replies: 32
Views: 2414

Re: S. Corp questions

Perhaps up to now he has been taking a large owners draw and not a salary? :confused ~Moshe He was a W2 Employee, receiving a weekly paycheck. No owners draw. This is where we are a bit confused. Maybe it is the terminology being used. We understand that an owner of a s. corp is also an employee an...
by camiboxer
Sat Apr 25, 2015 10:06 am
Forum: Personal Finance (Not Investing)
Topic: S. Corp questions
Replies: 32
Views: 2414

S. Corp questions

S. Corp formed in 2011. Husband is the sole employee. We each own 50%. Accountant has always had him set up as a W2 employee. Met with accountant early this week to finalize 1st quarter payroll. Decided to part ways with accountant. Too many mistakes and bad attitude over the past 20 years. Went on ...
by camiboxer
Thu Dec 18, 2014 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 12
Views: 1417

Re: HSA question

I have read through the HSA info contained in the IRS site given but didn't see an answer to my question. Maybe I am not explaining myself correctly. I never planned on taking money out and decided on a HDHP with HSA after months of research. Layman's terms.... Say I contribute $5k on December 31, 2...
by camiboxer
Thu Dec 18, 2014 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 12
Views: 1417

HSA question

I understand that I can reimburse myself from my HSA for qualified medical expenses that I pay out-of-pocket but how does this affect my taxes? I do not plan on taking money out but was curious. I opened an HSA in Dec. of 2013 and funded it with $3100. I was able to utilize that deduction on taxes. ...
by camiboxer
Tue Sep 16, 2014 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Opinion on personal injury status
Replies: 16
Views: 1287

Re: Opinion on personal injury status

jbmitt wrote:Let me guess. Kroger & Sedgwick? Good luck.


WE HAVE A WINNER.
by camiboxer
Tue Sep 16, 2014 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Opinion on personal injury status
Replies: 16
Views: 1287

Re: Opinion on personal injury status

State is Ohio. Was told that the national company was not self insured? Not specifically sure what that means in this instance. Accident occurred in the produce section near the coffee bar. Manager suggested the spill was coffee from the bar as he was taking pictures. Not sure how long the spill was...
by camiboxer
Tue Sep 16, 2014 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Opinion on personal injury status
Replies: 16
Views: 1287

Opinion on personal injury status

I was injured in a local grocery store on 6/3. Slipped on something that had been spilled on the floor. Management told me that "they" would pay for any medical care needed. I ended up at the emergency room and podiatrist for 6 weeks of treatment to a torn tendon in my foot. I am on the me...
by camiboxer
Mon Jan 27, 2014 10:57 am
Forum: Personal Consumer Issues
Topic: LIFE WITHOUT XP (Part 2): Replacing Outlook Express
Replies: 34
Views: 2282

Re: LIFE WITHOUT XP (Part 2): Replacing Outlook Express

I went from XP and Outlook Express to Windows 7 and Outlook 2013 in late spring of last year. I was not able to transfer any mail over from OE to Outlook due to complete hard drive failure. I do have email available via my ISP and a gmail account but 99% of the time I was using my OE and now Outlook...
by camiboxer
Thu Jan 09, 2014 11:16 am
Forum: Personal Consumer Issues
Topic: Any Car Enthusiasts?
Replies: 47
Views: 3508

Re: Any Car Enthusiasts?

We are a car family. 1969 GTO 1970 Chevelle SS (seen in pic) 1970 Chevelle SS 1970 1/2 Z28 RS 87 Grand National 88 Formula 350 87 Chevy 4x4 95 Chevy S10 95 Dakota 4x4 2000 GMC Jimmy 2003 Jeep Liberty Limited 2008 Jeep Grand Cherokee http://img.photobucket.com/albums/v610/camisilver/2011_0709Image003...
by camiboxer
Wed Jan 01, 2014 6:25 pm
Forum: Personal Consumer Issues
Topic: Adopting a rescue greyhound
Replies: 17
Views: 1399

Re: Adopting a rescue greyhound

A good friend of mine is involved with Greyhound rescue and typically has a houseful of them. I can put you in contact with him if you are interested. He would LOVE to talk "shop" about these wonderful dogs and offer insight. Send me a PM if this is something you would like to pursue.
by camiboxer
Fri Dec 20, 2013 9:38 am
Forum: Personal Consumer Issues
Topic: Do you tip a self-employed person or business owner?
Replies: 25
Views: 3574

Re: Do you tip a self-employed person or business owner?

I was a self employed hair designer (rented a station) and was licensed as an independent contractor with the state for 25 years. Approx. 5 of those years were as a co owner of a salon. 80% of my clients tipped me. Seems the norm in the industry for IC's to get tips (owners too). I retired from hair...
by camiboxer
Thu Oct 10, 2013 10:11 am
Forum: Personal Consumer Issues
Topic: BMW Shop/Mechanic in Washington D.C. Area?
Replies: 5
Views: 695

Re: BMW Shop/Mechanic in Washington D.C. Area?

My hubby's shop isn't in DC but they have do have customers there. They pick up and deliver...located in Central Ohio, about 6.5 hrs from DC.
If you can't find anything local you might consider NJB.
http://www.weserviceferrari.com
by camiboxer
Thu Sep 19, 2013 10:10 am
Forum: Personal Consumer Issues
Topic: Any Jeep enthusiasts? They seem to retain their value
Replies: 25
Views: 3001

Re: Any Jeep enthusiasts? They seem to retain their value

I am a Jeep fan. Bought a 2008 Grand Cherokee V8 new and eventually picked up a used 2003 Liberty V6. Still have both. Like others have mentioned the fuel economy is non-existent but I didn't buy either to save on gas. The Cherokee gets driven on nice days and road trips during holidays. Has about 8...
by camiboxer
Wed Jun 26, 2013 8:12 am
Forum: Personal Consumer Issues
Topic: How much should cat tooth extraction cost?
Replies: 47
Views: 14859

Re: How much should cat tooth extraction cost?

So very sorry for your loss.
My cat is going in for dental surgery in July. I also think it will be money well spent.
I wish you peace.
by camiboxer
Mon Jun 24, 2013 9:18 am
Forum: Personal Finance (Not Investing)
Topic: When dying
Replies: 48
Views: 7763

Re: When dying

So very sorry for your loss. I wish you peace.
by camiboxer
Fri Jun 14, 2013 8:10 pm
Forum: Personal Consumer Issues
Topic: Cheated on car service?
Replies: 24
Views: 2191

Re: Cheated on car service?

Your experience isn't uncommon. Mechanics are not stupid. I can attest to this since I am married to one. I read this post to him and pretty much verbatim his reply was.... We see this stuff all the time. Mostly people use chalk. 100's of times he has removed a customers chalk line and replaced it w...
by camiboxer
Fri Jun 07, 2013 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage today
Replies: 73
Views: 6157

Re: Paid off mortgage today

Congrats on the achievement!
by camiboxer
Fri Jun 07, 2013 9:37 am
Forum: Personal Consumer Issues
Topic: Mats for Car
Replies: 11
Views: 1284

Re: Mats for Car

Agree with the suggestions for WeatherTech.
Not plush by any means and a bit pricey but you will get a perfect fit and it will be the last mat you will buy for the remainder of the cars life.
by camiboxer
Sat Jun 01, 2013 9:30 pm
Forum: Personal Consumer Issues
Topic: House Sitter
Replies: 11
Views: 1528

Re: House Sitter

I own a pet sitting company. Of course I have overhead to cover but to give you an idea of costs....(I charge slightly above the national average). For home with cats only... Cost would be $85.00 for an overnight and at least 10 hours. Typically from 10pm through 7am. If any additional visits were r...
by camiboxer
Tue May 28, 2013 8:36 am
Forum: Personal Consumer Issues
Topic: What are your favorite android smartphone apps?
Replies: 50
Views: 6208

Re: What are your favorite android smartphone apps?

Flashlight and magnifier.
by camiboxer
Fri May 24, 2013 10:47 am
Forum: Personal Consumer Issues
Topic: Unbridled Consumerism?
Replies: 28
Views: 2907

Re: Unbridled Consumerism?

I spend money freely and without a 2nd thought when it comes to my pets.
by camiboxer
Thu May 16, 2013 2:17 pm
Forum: Personal Consumer Issues
Topic: Timing buying a (future) classic Muscle car-Mustang BOSS 302
Replies: 34
Views: 3449

Re: Timing buying a (future) classic Muscle car-Mustang BOSS

I'd consider taking that Formula! Is your user name what I think it is? I assume NHRA (National Hod Rod Association) 2001 Trans Am? The Formula is sitting in a garage IN A BAG and has been for at least 5 or so years. Life gets in the way of having fun. :annoyed I look at it every once in a while. S...
by camiboxer
Thu May 16, 2013 10:26 am
Forum: Personal Consumer Issues
Topic: Timing buying a (future) classic Muscle car-Mustang BOSS 302
Replies: 34
Views: 3449

Re: Timing buying a (future) classic Muscle car-Mustang BOSS

We are a muscle car family. Perhaps my hubby thought he was going to get rich off of these cars some day but that would actually involve him selling something. That isn't going to happen any more than he would sell his right arm. Good intentions have a way of becoming an old wives tale! Our "in...
by camiboxer
Tue May 14, 2013 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Move back w/parents or sign 1 year lease
Replies: 42
Views: 2525

Re: Move back w/parents or sign 1 year lease

It will suck that I can't take a girl home,


Learning that a guy lives at home with his parents at your age is a big turn off *typically* so you might not have anything to worry about in that department! :oops:
by camiboxer
Tue May 14, 2013 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fiancee Got Into Med School: Should I Rent or Sell My Condo?
Replies: 35
Views: 3224

Re: Fiancee Got Into Med School: Should I Rent or Sell My Co

Can't forget that your insurance will increase with the condo being a rental.
Also have to determine if you are going to hire a property management company to take care of it since you will be 100 miles away. Their fees will take a bite out of your monthly rent.
by camiboxer
Thu Apr 18, 2013 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sign the contract? or? [Consultant]
Replies: 11
Views: 1298

Re: Should I sign the contract? or?

They have no one to go in my place but they want me to sign a 1 year contract so they can re-coop their investment in sending me to the conference. Regardless on what you do the above statement sounds more like an employee based relationship than that of an independent contractor. I don't claim to ...
by camiboxer
Tue Apr 16, 2013 3:14 pm
Forum: Personal Consumer Issues
Topic: Urgent Verizon Cell Phone Question
Replies: 14
Views: 1598

Re: Urgent Verizon Cell Phone Question

Glad you found what you needed.
I have a drawer full of the "old style" flip phones. Never knew anyone had a use for them. I would have given you one for free!
by camiboxer
Tue Apr 09, 2013 9:25 am
Forum: Personal Consumer Issues
Topic: File a claim or not?
Replies: 14
Views: 1367

Re: File a claim or not?

Well, I think it is foolish to have paid for a $500 deductible and then not make a claim for $2000...and most likely the foolish part was paying for the $500 deductible. If you are willing to absorb a $2000 loss then why not save on premiums by making that your deductible. A $2000 deductible would ...
by camiboxer
Thu Apr 04, 2013 12:38 pm
Forum: Personal Consumer Issues
Topic: File a claim or not?
Replies: 14
Views: 1367

File a claim or not?

In late January as my computer was being turned on my home lost electricity. Once the power was restored my computer would not start up. Diagnosed as a bad power source due to the power surge. Part was replaced but computer wasn't the same and the repair guy thought the hard drive might have sustain...
by camiboxer
Sun Mar 31, 2013 11:10 am
Forum: Personal Consumer Issues
Topic: [Afghan Hound]
Replies: 12
Views: 597

Re: [Afghan Hound]

Does your friend show and title their dogs (breeding stock)? Do they do all of the appropriate health testing on their breeding stock to help ensure the puppies are free from the various health issues that these dogs are known to have? Taking the parents to a vet isn't the same as having serious med...
by camiboxer
Sun Mar 31, 2013 7:38 am
Forum: Personal Consumer Issues
Topic: How To Get Rid of Old Junky Car
Replies: 24
Views: 1658

Re: How To Get Rid of Old Junky Car

Listing it on Craig's List as a "Mechanic's Special" will have it gone in days, if not hours.
If it is operational state in the ad that it "runs and drives, but needs work".
My husband is a mechanic and looks for these types of ads daily.
by camiboxer
Mon Mar 18, 2013 9:22 am
Forum: Personal Consumer Issues
Topic: Tipping a hairdresser
Replies: 85
Views: 6370

Re: Tipping a hairdresser

I was a hair designer for 25 years. There has yet to be any type of color (dye or bleach service) that will process *correctly* in less than 20 minutes. Factor in application and you are at a minimum of 25 minutes. It also needs to be shampooed and possibly conditioner applied. Add in another 5 minu...
by camiboxer
Sun Mar 10, 2013 11:42 am
Forum: Personal Consumer Issues
Topic: Nachos and NCAA BB Tournament
Replies: 4
Views: 556

Re: Nachos and NCAA BB Tournament

Best. Dip. Ever. Brick of Velveeta cheese. The good stuff not the 2% variety. Cut the Velveeta into inch sized quarters. Takes about 3 minutes. Put into a crock pot. Add in a can of evaporated milk. Fry up a package of Bob Evan's Zesty sausage. Make sure to get it chopped up pretty finely. Add to th...
by camiboxer
Tue Mar 05, 2013 8:55 pm
Forum: Personal Consumer Issues
Topic: Recommend a kitchen trash can
Replies: 10
Views: 1356

Re: Recommend a kitchen trash can

I've had a touch less can for about 3 years now. Have yet to replace the batteries and it gets used constantly.....especially since my dog and cat know how to make it open and do so often to entertain themselves. :oops: The only negative is that you will eventually start walking up to random trashca...
by camiboxer
Sat Mar 02, 2013 1:22 pm
Forum: Local Chapters and Bogleheads Community
Topic: The Munchkin Man Diet
Replies: 120
Views: 11600

Re: The Munchkin Man Diet

Congratulations and continued success on your weight loss journey.
by camiboxer
Wed Feb 27, 2013 11:21 am
Forum: Personal Consumer Issues
Topic: Car servicing at dealership or local mechanic??
Replies: 39
Views: 2275

Re: Car servicing at dealership or local mechanic??

My hubby is a mechanic, owns his own business and services exotic vehicles. He spent 23 years at a local shop (well known), think blimp. Prior to that he spent a short stint at a dealership and couldn't get out of there fast enough. In his experience it didn't matter how well versed you were in auto...
by camiboxer
Tue Feb 26, 2013 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Demolished Uninsured Car
Replies: 10
Views: 760

Re: Demolished Uninsured Car

If you are at fault you have no coverage on your vehicle itself and would receive no compensation for it from your insurance company. If another driver is at fault and carries auto insurance then their carrier will be responsible for your compensation. If they are at fault and have no coverage you w...
by camiboxer
Wed Feb 20, 2013 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Teacher looking for summer work
Replies: 13
Views: 820

Re: Teacher looking for summer work

Don't know how you feel about animals.... I own a pet sitting company and network with about 20 other biz owners in my area. The idea of having a school teacher who is off in the summer months is a topic that comes up often. Also think about using them on holidays, spring & winter breaks. Our th...
by camiboxer
Fri Feb 08, 2013 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone tax savy that can give me their two cents?
Replies: 6
Views: 900

Re: Anyone tax savy that can give me their two cents?

No charitable deduction because no property or cash is being donated. I agree with this and just had a similar conversation with my accountant. I am a sole prop. and charge $X amount for services. A neighbor is ill and I provided services to her for free. I am unable to write off what money I would...
by camiboxer
Sun Jan 27, 2013 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting Job of 20yrs to start business
Replies: 31
Views: 3988

Re: Quitting Job of 20yrs to start business

I was a hair designer for 25 years. I was an employee on straight 50% commission for 2 years. The next 18 years as an independent contractor and the last 5 years as a co-owner of a salon. The salon was all booth rental and we knew our guaranteed income on a monthly basis. I was never going to get ri...
by camiboxer
Sat Jan 26, 2013 10:33 am
Forum: Personal Consumer Issues
Topic: Not receiving my monthly bill
Replies: 21
Views: 1956

Re: Not receiving my monthly bill

I like to sit down at my kitchen table and pay my bills. Sure I am spending $5.40 a year to have my cable bill mailed via USPS or less than that when you factor in I get a deduction for my purchase of stamps since my internet service (or a portion of the costs) are a business expense. But that isn't...
by camiboxer
Sat Jan 26, 2013 8:28 am
Forum: Personal Consumer Issues
Topic: Not receiving my monthly bill
Replies: 21
Views: 1956

Re: Not receiving my monthly bill

So people blame the victim for not going paperless when the company can't put a stamp on a bill once a month? Interesting. I would hate to have you people on the jury trying someone who had assaulted me. [I won't even go to that other crime where the victim is regularly blamed. Really?] I would kee...

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