Cleaners in N.C. Check your taxes! Read this!

[Jim Williams]

To all carpet cleaners in N.C. For 2012 house bill 200 and senate bill 267 were passed which allows all tax payers who file a schedule C to be exempt from paying taxes on your first $50,000 net if single and your first $100,000 if filing jointly.

This is new so many accountants and accounting software may not be aware of it. My accountant who is pretty up to date on most things missed it too. A realtor I work for showed it to me online. If you have already filed you can do an amended return.

Better check it out. Saved me over $4000.

Have a good one!

 

[Zee]

To all carpet cleaners in N.C. For 2012 house bill 200 and senate bill 267 were passed which allows all tax payers who file a schedule C to be exempt from paying taxes on your first $50,000 net if single and your first $100,000 if filing jointly.

This is new so many accountants and accounting software may not be aware of it. My accountant who is pretty up to date on most things missed it too. A realtor I work for showed it to me online. If you have already filed you can do an amended return.

Better check it out. Saved me over $4000.

Have a good one!

I'm not in NC but its nice to know there are ways to save there. Also nice looking out for other bd NC-ers.

 

[GCCLee]

Hopefullly TN will follow suit, if they do we are sailing

 

[jcooper]

allows all tax payers who file a schedule C to be exempt from paying taxes on your first $50,000 net

Sound like a dream! Why would the Gov give money away and can IL do this also!?!

 

[Jim Williams]

We finally have folks in charge again in Raleigh who understand how to REALLY stimulate the economy and attract business to the state. I feel like I've won the lottery!

 

[rwcarpet]

Well, I won't hold my breath for Ohio to follow suit, even with our Republican, anti-tax Governer. Hell, they even put a small corporate tax on business incomes over $250,000. They did revamp the workers comp and found out that many small businesses are overpaid.