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DjTasper
tranceaddict
Registered: Feb 2003
Location: Nebraska
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i was first strictly vinyl then because of money i went strictly to cds then i realized you can get better songs on vinyl quicker so now i am currently using both during my sets. during a set its prolly 70% vinyl 30% cd
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Jun-06-2003 04:56
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Vlad
Supreme tranceaddict

Registered: Apr 2003
Location: San Siro [NYTA #3]
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| quote: | Originally posted by DJ Tranz
Ditto, same here, pc for recording and mastering, as soon as my business license comes in the mail, I'll be using my pc as one of the production studio equipment. |
On next years Income Tax, Im writing off all the DJ equipment I bought, stating that I became an entrepreneur and DJing is a self-employed business. Turntables, mixers, cases, styli, repairs, and VINYLS can all be written off as business expenses. But but but, you obviously cant write off more than you made. That would be quite foolish. Ooooooo having hookups in the Income Tax field is sooooooooooo good. 
___________________
/SARCASM.
| quote: | Originally posted by Coup
Vlad wins.
Flawless victory. |
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Jun-06-2003 05:36
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DJ Tranz
Mafiya Beatts

Registered: Feb 2003
Location: SoCal --- LATA # 99
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| quote: | Originally posted by Vlad
On next years Income Tax, Im writing off all the DJ equipment I bought, stating that I became an entrepreneur and DJing is a self-employed business. Turntables, mixers, cases, styli, repairs, and VINYLS can all be written off as business expenses. But but but, you obviously cant write off more than you made. That would be quite foolish. Ooooooo having hookups in the Income Tax field is sooooooooooo good. |
Who said you can't? Businesses do loose money, but if you were to do that, make sure you have a legit business license. Mine is under my partnerships Label name called Mafiya Beatts. It is a new label that My partner, a silent partner(investor) and I have just started. Anything in the negative figure is a tax REFUND.
___________________
Daniel, aka DJ Tranz(MafiyaBeatts-LA,SF)
Rest In Peace Adam 'STARKID' Spears,Thank You For Your Wonderful Music That Will Live On Forever, RIP Buddy...

www.mafiyabeatts.com Vote for Tranz @ The DJ List!
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Jun-06-2003 05:40
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DJ Tranz
Mafiya Beatts

Registered: Feb 2003
Location: SoCal --- LATA # 99
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| quote: | Originally posted by Vlad
I dont think you need a business license if you are self-employed, Ill ask my boss. But dude... If you write off more than you made... that means you had money coming in from elsewhere. If you spend $4000 on equipment and you only made $2500... where did the other $1500 come from? Than questions arrise: Are you cheating the government? Are you making money that the government doesnt know about? Got tax evasion? |
Not exactly, what if I put it on my cc? also if no business license than you are NOT an entreprenuer, you are what's called an independent contractor, becuase people hire you by name and make their checks out to personal name, whereas my partnership is the one that's going to get hired and checks will be made out in the partership's name. back 2money thing, loss moneys amount could have came from anywhere, cc, previous savings, profits from prior years, loans, grants, investors, etc, non of that is any kind of taxable income, actually non of that is even income at all.
___________________
Daniel, aka DJ Tranz(MafiyaBeatts-LA,SF)
Rest In Peace Adam 'STARKID' Spears,Thank You For Your Wonderful Music That Will Live On Forever, RIP Buddy...

www.mafiyabeatts.com Vote for Tranz @ The DJ List!
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Jun-06-2003 06:10
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