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[OM] Re: Happiness [was: How about those Red Wings an alternate

Subject: [OM] Re: Happiness [was: How about those Red Wings an alternate
From: Jan Steinman <Jan@xxxxxxxxxxxxxx>
Date: Wed, 14 May 2008 20:24:58 -0700
> From: John Hudson <OM4T@xxxxxxxxxxx>
>
> It's not at all difficult to gross $100K and have only $13K taxable...
>
> ... and watch out for the CRA if you even hint at personal expenses
> being charged off as business expenses

You're right, $100k gross could make one a CRA target.

But one can manage to have a low gross and still have a small "toy"  
budget included. My computers and cameras are fully justified in my  
line of work.

There is no law that says you have to actually be *successful* at  
business; you just have to show that your expenses are indeed related  
to business. The way you get by here is with multiple small revenue  
streams. Plus it's less painful if one goes away if it isn't your only  
one.

:::: Our enemies are innovative and resourceful, and so are we. They  
never stop thinking about new ways to harm our country and our people,  
and neither do we. -- George W. Bush
:::: Jan Steinman <http://www.Bytesmiths.com/Events>



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