History: WWII book giveaway program

[CWatkinsNash]

Originally Posted by Apache

I got news for you Georgia isn't the only state with this type of tax. Most counties in most states derive a large part of their income from this type of tax. It is called property taxes. And you pay on everything you own, not just the inventory. If your business owns a computer, or any other type of equipment you pay taxes on it every year. Mine used to be due January 1st. A few years ago they changed it to November 15th. And yes I know that you get to depreciate your equipment, but come on they tax you on everything include office furniture. ie chairs and tables.
Apache

Yep. I have to do it every year and it's a pain in the rear, especially since here, the asset classifications are not exactly standard. It's also completely off the regular tax schedule. I have to send in the updated asset list by March 1, and the tax bill is sent out in the fall but not due until February.

Initially, general supplies (short-term consumables) weren't included, but they added that last year. They weren't really specific about what they wanted, though, so I listed office supplies as one item, truck supplies as another item, etc. I'm fairly certain that they rarely even look at the list, just the sheet with the group totals.

On the upside, they use a standardized depreciation formula that's fairly generous.

[pwalker8]

Originally Posted by crich70

I think you meant presence not presents pwalker8.

Yea, well I'm a programmer, English is my second language, Java is my first!

[shalym]

Originally Posted by CWatkinsNash

Yep. I have to do it every year and it's a pain in the rear, especially since here, the asset classifications are not exactly standard. It's also completely off the regular tax schedule. I have to send in the updated asset list by March 1, and the tax bill is sent out in the fall but not due until February.

Initially, general supplies (short-term consumables) weren't included, but they added that last year. They weren't really specific about what they wanted, though, so I listed office supplies as one item, truck supplies as another item, etc. I'm fairly certain that they rarely even look at the list, just the sheet with the group totals.

On the upside, they use a standardized depreciation formula that's fairly generous.

Wow...I've never even heard of that, and I've had my own business for 15 years, and my husband owned his business for 25. I have to pay property tax on real estate and cars, but I've never had to pay it on office equipment for my business, and my husband never had to pay it on any of the materials that he kept on hand for jobs. Either my accountant is really really bad and I owe thousands in back taxes, or that's one tax that we don't have in Connecticut.

Shari

[CWatkinsNash]

Originally Posted by shalym

Wow...I've never even heard of that, and I've had my own business for 15 years, and my husband owned his business for 25. I have to pay property tax on real estate and cars, but I've never had to pay it on office equipment for my business, and my husband never had to pay it on any of the materials that he kept on hand for jobs. Either my accountant is really really bad and I owe thousands in back taxes, or that's one tax that we don't have in Connecticut.

Shari

I'm sure your accountant is fine. Not all places have it, I think it has to do with the composition of the tax base. The most annoying part is that I go through all that mess only to pay a tax bill that's usually less than $20.

Seriously.

They need to offer some sort of alternate tax or something. It would literally be cheaper for us to just pay $100 than to pay me to go through all that nonsense.

Anyway, I'll stop derailing now.

[crich70]

Originally Posted by pwalker8

Yea, well I'm a programmer, English is my second language, Java is my first!

And to be fair there are a good many words that sound alike but have different spellings depending on what is meant in a sentence.

[pwalker8]

Originally Posted by crich70

And to be fair there are a good many words that sound alike but have different spellings depending on what is meant in a sentence.

I've never been able to proof read something I wrote. I know what I meant, so my brain doesn't see a problem. Of course, after reading all those computer manuals, I've become quite good at understanding bad English. See, it's a feature, not a bug, after all! :