I thought it was bad to have a business and not pay the owners "a reasonable salary".
Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Mon, Apr 20, 2020 at 12:46 PM <ch...@wbmfg.com> wrote: > dunno... Why pay FICA for myself when I don’t need to? I can take a > repayment on notes payable if I want money without any tax implication. Or > I can take a directors fee without FICA if I want to take money. But what > in the hell am I going to do with a bunch of money in my checking account? > I can buy more TSLA I guess. I would rather have a Mincon pneumatic hammer > drill setup for my directional drills. > > Resisting the urge to buy a Tesla or an airplane. I do miss the C-210 > with known ice capability. But an ultralight would be more fun. > Could do a sailboat but I would probably never use it. I used to sail on > the Great Salt Lake. > > I am just fortunate to be semi-retired and not really wanting for > anything. > Other than visits from kids and grandkids. > > In other words “I have sufficient for my needs”. > Maybe a water jet or a CNC laser... > > *From:* Josh Luthman > *Sent:* Monday, April 20, 2020 10:37 AM > *To:* AnimalFarm Microwave Users Group > *Subject:* Re: [AFMUG] OT guvmnt loan > > Why were you not? > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > > On Mon, Apr 20, 2020 at 11:19 AM <ch...@wbmfg.com> wrote: > >> We are still going to keep it sequestered. I should have been paying >> myself... >> >> *From:* Josh Luthman >> *Sent:* Monday, April 20, 2020 9:02 AM >> *To:* AnimalFarm Microwave Users Group >> *Subject:* Re: [AFMUG] OT guvmnt loan >> >> It's my understanding that in 8 weeks all you have to do is prove you did >> payroll for 75% of the amount loaned. In your case, show 90k came out of >> the account to payroll. The reports that the payroll company does, I'm >> told, should suffice. >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> >> On Sun, Apr 19, 2020 at 12:17 PM <ch...@wbmfg.com> wrote: >> >>> Lewis, >>> Are you taking any special measures to be able to prove you used the >>> loan proceeds for approved uses? >>> Kinda hard when they get comingled with other funds in a general >>> checking account. >>> I think we put them in a separate savings account. >>> >>> *From:* Lewis Bergman >>> *Sent:* Saturday, April 18, 2020 6:09 PM >>> *To:* AnimalFarm Microwave Users Group >>> *Subject:* Re: [AFMUG] OT guvmnt loan >>> >>> $10k? How many people do you have? I think I got nearly $500k between >>> all the companies. >>> >>> On Sat, Apr 18, 2020, 7:01 PM <ch...@wbmfg.com> wrote: >>> >>>> Got our supposedly to be forgiven $10K loan today. We shall see... >>>> -- >>>> AF mailing list >>>> AF@af.afmug.com >>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>> >>> ------------------------------ >>> -- >>> AF mailing list >>> AF@af.afmug.com >>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> -- >>> AF mailing list >>> AF@af.afmug.com >>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> >> ------------------------------ >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > ------------------------------ > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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