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greg
well , lets not get hasty. Depends who i am talking to . If you are from the IRS -then we netted $4.86 profit for the year.
seriously, this was our first year of biz . We spend a good 40k on advertising, another 20k on biz equipment , 5k on licences and intanibles. We were left with about 40k for personal use.
However, i think we will have to pay tax on the assets as well -as we have an 's' corp pass thru entity. So we will end up paying on about 60k worth of income.
we simply sank most of the 130k into the biz.
In 2007 we should of course double our loans as we know what to target for now. We are getting referrals and now have 2 repeat customers. We have all our equipment, biz vehicle and what not already bought so i suspect our expenses will go down this year and we can ACTUALLY make some money.
We would also like to get down to a 50hr work week too....... lol.
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