Business personal property taxes!!! Help LOL

HAWG_TRAIN · 17th March 2010

in georgia we have to pay business personal taxes, which is seperate from irs, in georgia they want you to list all your equipement, console, mics, couch, tv, fridge, chairs everything a client might use. so i have to list everything, and tell what i paid for it, and what year i got it... I have to do this everyyear, it just seems sooooooo crazy to do this. anyone have insight about all this.. thanks

GotGear? · 17th March 2010

Are saying you have to pay a business property tax every year on everything in the studio? Separate from the real property tax?

Let me know when the next Tea Party is going on in Georgia.

Next they'll tax the clothes you're wearing to work and the food you bring in.

Smackheadmuppet · 17th March 2010

Quote:

anyone have insight about all this

Have your accountant prepare and maintain a Fixes Asset Register for you. It should take you an afternoon of work to hand of to your accountant.

You do have a accountant...right?

Quote:

Are saying you have to pay a business property tax every year on everything in the studio?

Yes he is...some states like to do this (Michigan comes to mind).

Bubbakron · 17th March 2010

Quote:

Originally Posted by GotGear?

Are saying you have to pay a business property tax every year on everything in the studio? Separate from the real property tax?

Let me know when the next Tea Party is going on in Georgia.

Next they'll tax the clothes you're wearing to work and the food you bring in.

Gee, thanks for running our National Debt through the roof, then complain about taxes!! Your generation is nothing but selfish con artists!!

Learn to pay your tab, not dine and ditch then give your nephews address to the cops!!!

GotGear? · 17th March 2010

My generation? Selfish con artists? WTF?

I pay my taxes. I served my country. I don't expect anything in return except to be left alone by my Government.

I don't collect welfare, unemployment, Medicare or Medicaid or any other Government benefits and never have. I paid my own ticket through school.

Go piss up up a rope.

Bubbakron · 17th March 2010

I'm sure you were completely up in arms during massive tax cuts, 2 wars, and a huge ballooning debt. Now your upset?? We have to pay our tab!! Not 20% of it, ALL OF IT!!!!!!!!

I dont wanna have to pay China for your guys little party???

GotGear? · 17th March 2010

He's obligated for a State tax not a Federal tax...and I'm not upset. Just surprised that the population allows it. And more surprised at being attacked in a professional forum.

**jayfrigo** · 17th March 2010

Not unique to GA. I had to do it in L.A. too. The guidelines said everything down to windex, paper clips, and toilet paper had to be listed. No joke - I asked specifically about the toilet paper. This was separate from business license, business income, state, and federal.

And a mod note: remember if the political stuff gets too raucous, the thread will end up locked and posts will disappear, so let's stay on topic and not argue politics. Tax liability is a part of running a business, and this is relevant info that budding studio owners should know about.

Jay- · 17th March 2010

Quote:

Originally Posted by jayfrigo

and toilet paper had to be listed. No joke - I asked specifically about the toilet paper.

Dang, toilet paper tax, now thats a shitty tax!

WVUtubadude · 17th March 2010

That is ridiculous. I need to go to more Tea Parties...

toneguru · 17th March 2010

Here in the US taxes are going to go thru the roof. Anyone that thinks taxes are bad now (and they are) is in for a rude decade ahead.

The US has 25% of the workforce unemplemployed. Govt debt at $14 trillion.

And $176 trillion in unfunded liabilities. Yeh that's right $176,000,000,000,000.

By 2015 the govt will be taxing farts.

Enjoy the fall of the empire... its gonna suck.

HAWG_TRAIN · 18th March 2010

wow, just read all the posts, i Know in tennessee they have that tax too. so all the guys in nashville are use to it, i guess. so they want everything that the clients uses.. so lets make a list

console
outboard gear
couch
tv
coffee maker
fridge
computers
mics
mics stands AND MORE , AND MORE , MORE.

DANG I HATE THIS...... BUT I WILL DO IT...

WVUtubadude · 18th March 2010

Anyone up for starting a studio in international waters? Maybe event the bottom of the Atlantic? We could call it Rapture Recording (BioShock reference).

People would go there just to say they recorded an album half a mile under water.

glenn Taylor · 19th March 2010

Property tax is killing me! Have you ever heard of a bad dog on a farm that tasted blood by killing the farmers chickens. Thats like the local county taxes here in Florida. I used to pay once every year then think ok I am good for awhile. But no about a week or two after paying all the taxes they send me a letter saying. "We heard you've made some improvements". tells us more about you and your business?" Blood sucking looting leeches !!

Aaaah!! Ok I am better now.
GT.

17th March 2010	#1
HAWG_TRAIN Registered User Join Date: Jun 2007 Location: georgia Posts: 191 Thread Starter	Business personal property taxes!!! Help LOL in georgia we have to pay business personal taxes, which is seperate from irs, in georgia they want you to list all your equipement, console, mics, couch, tv, fridge, chairs everything a client might use. so i have to list everything, and tell what i paid for it, and what year i got it... I have to do this everyyear, it just seems sooooooo crazy to do this. anyone have insight about all this.. thanks

17th March 2010	#8
jayfrigo Moderator Join Date: Dec 2002 Posts: 3,352	Not unique to GA. I had to do it in L.A. too. The guidelines said everything down to windex, paper clips, and toilet paper had to be listed. No joke - I asked specifically about the toilet paper. This was separate from business license, business income, state, and federal. And a mod note: remember if the political stuff gets too raucous, the thread will end up locked and posts will disappear, so let's stay on topic and not argue politics. Tax liability is a part of running a business, and this is relevant info that budding studio owners should know about. __________________ Jay Frigoletto Mastersuite www.promastering.com www.studiometronome.com

17th March 2010	#11
toneguru Lives for gear Join Date: Jul 2006 Location: San Francisco/LA Posts: 1,591	Here in the US taxes are going to go thru the roof. Anyone that thinks taxes are bad now (and they are) is in for a rude decade ahead. The US has 25% of the workforce unemplemployed. Govt debt at $14 trillion. And $176 trillion in unfunded liabilities. Yeh that's right $176,000,000,000,000. By 2015 the govt will be taxing farts. Enjoy the fall of the empire... its gonna suck. __________________ Looking for: 201/1 to pair up, 44C to pair up, Church mic to pair up, C12 to pair up, orig 1084 in mono Averill chassis to pair up... all lonely pieces that need a mate. PLATINUM AUDIO RENTALS For the Slutz that need stuff now... Please check out my friend's site below. http://PlatinumAudioRentals.com/

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17th March 2010	#2
GotGear? Gear addict Join Date: Mar 2010 Location: Midwest Posts: 309	Are saying you have to pay a business property tax every year on everything in the studio? Separate from the real property tax? Let me know when the next Tea Party is going on in Georgia. Next they'll tax the clothes you're wearing to work and the food you bring in.

17th March 2010	#6
Bubbakron Lives for gear Join Date: Jan 2008 Location: Southern Cali Posts: 893	I'm sure you were completely up in arms during massive tax cuts, 2 wars, and a huge ballooning debt. Now your upset?? We have to pay our tab!! Not 20% of it, ALL OF IT!!!!!!!! I dont wanna have to pay China for your guys little party???

17th March 2010	#10
WVUtubadude Lives for gear Join Date: Apr 2009 Location: West Virginia/Pennsylvania Posts: 887	That is ridiculous. I need to go to more Tea Parties...

18th March 2010	#12
HAWG_TRAIN Registered User Join Date: Jun 2007 Location: georgia Posts: 191 Thread Starter	wow, just read all the posts, i Know in tennessee they have that tax too. so all the guys in nashville are use to it, i guess. so they want everything that the clients uses.. so lets make a list console outboard gear couch tv coffee maker fridge computers mics mics stands AND MORE , AND MORE , MORE. DANG I HATE THIS...... BUT I WILL DO IT...

19th March 2010	#14
glenn Taylor Lives for gear Join Date: Jul 2006 Location: GAINESVILLE FLORIDA Posts: 1,206	Property tax is killing me! Have you ever heard of a bad dog on a farm that tasted blood by killing the farmers chickens. Thats like the local county taxes here in Florida. I used to pay once every year then think ok I am good for awhile. But no about a week or two after paying all the taxes they send me a letter saying. "We heard you've made some improvements". tells us more about you and your business?" Blood sucking looting leeches !! Aaaah!! Ok I am better now. GT.