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Non-Cattle Specific Topics
Coffee Shop
Form 6198 At-Risk Limitations
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<blockquote data-quote="wbvs58" data-source="post: 1396788" data-attributes="member: 16453"><p>When I sold my business almost 10 years ago now I decided I'd had enough of keeping financial records and that I just wanted to disappear off the planet as far as the tax man goes and to just operate as a hobby and yet while I may get a lump sum of money back when I sell stock I know that my expenses will be much greater. We have a goods and service tax here of 10% on everything you buy, if I was registered for the GST I would be able to get back all the 10% I pay on my purchases from the government but I look upon it as my ongoing contribution to the countries income and I disappear off the planet and I'm happy.</p><p></p><p>Ken</p></blockquote><p></p>
[QUOTE="wbvs58, post: 1396788, member: 16453"] When I sold my business almost 10 years ago now I decided I'd had enough of keeping financial records and that I just wanted to disappear off the planet as far as the tax man goes and to just operate as a hobby and yet while I may get a lump sum of money back when I sell stock I know that my expenses will be much greater. We have a goods and service tax here of 10% on everything you buy, if I was registered for the GST I would be able to get back all the 10% I pay on my purchases from the government but I look upon it as my ongoing contribution to the countries income and I disappear off the planet and I'm happy. Ken [/QUOTE]
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Non-Cattle Specific Topics
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Form 6198 At-Risk Limitations
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