Monday, July 12, 2004
A GOOD REMINDER
"Taxes could kill my business. I doubt that will happen, but it is an outside possibility. We have yet to turn a profit, but have paid more in taxes than we have for anything else except labor. I knew before I started this that taxes on businesses made it tough, but experiencing it firsthand really drives it home. Mailing checks to the government when I can't pay some of my other bills infuriates me. (Thank god some vendors take American Express - it's another 30 days to float some expenses!) I think there should be a one year tax exemption for any startup. Of course, companies would figure out some way to abuse that, I know. But there has to be a way to give some of us struggling upstarts some relief."
Rob at Businesspundit
¶ 6:12 AM
"Taxes could kill my business. I doubt that will happen, but it is an outside possibility. We have yet to turn a profit, but have paid more in taxes than we have for anything else except labor. I knew before I started this that taxes on businesses made it tough, but experiencing it firsthand really drives it home. Mailing checks to the government when I can't pay some of my other bills infuriates me. (Thank god some vendors take American Express - it's another 30 days to float some expenses!) I think there should be a one year tax exemption for any startup. Of course, companies would figure out some way to abuse that, I know. But there has to be a way to give some of us struggling upstarts some relief."
Rob at Businesspundit
¶ 6:12 AM
