Thread: Massage Parlor Reports
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02-11-17 23:30 #16498Regular Member

Posts: 2Any suggestions for a first timer in Chicago?
I am new here and want to know what is a good place to get some good massage and some extra services? I am thinking between Oki Doki, Logan Tantricas or independent providers. Any guidance will be much appreciated.
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02-11-17 23:01 #16497Senior Member

Posts: 275Qbo
My accountant asked for it. It's expensive and I pay it.
Originally Posted by StanleyStankas
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02-11-17 20:16 #16496Senior Member

Posts: 1604Good point
Yes they have offered that, however never partook. I am winding down in my career by choice and found out after along time in the small business ownership game. You don't own a business, a business owns you! Very profitable for me, however extremely stressful. I am in my senior years now and I doubt I will ever open up another business in my lifetime. Once the passion goes so goes the energy to keep it all going. When people would tell me oh you're so lucky you don't have a boss! I said yea I do. Everyone that walks in the door or rings the phone. They are called customers!
Originally Posted by E2304
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02-11-17 16:09 #16495Senior Member

Posts: 275Thank you Mei
This morning was the most thorough deep tissue massage of my recollection. Mei has an impressive power to weight ratio and engineers understanding of "the proper application of leverage. " I found the experience intimate and respectful as is proper for any clinician and their patient.
Originally Posted by Bob521
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I tipped enough to embarrass my therapist. She is supporting her family back home. Next time I will give less in respect of her feelings. I wish her and her business the best of success.
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02-11-17 15:50 #16494Senior Member

Posts: 275Quick books vs QB online
The online version allows offsite entry and review. You do have to pay every year however. Cosco I believe has a discount on first year.
Originally Posted by StanleyStankas
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02-11-17 13:45 #16493Senior Member

Posts: 1604Sounds good and glad this is working!
You have done your research and followed thru. For book keeping you might look into quickbooks pro. I ran a business full time for over 12 years and the last 8 or so part x. Much easier when it comes to tax season. I am still using qb pro 2005 even though I have newer machines. Let's just say there are easy hacks around the company wanting you to buy their new product from year to year. My accountant for years got me into it and I never looked back. Now as far as the translation goes. You might want to contact the company directly. Good work!
Originally Posted by Bob521
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02-11-17 13:10 #16492Senior Member

Posts: 1255Thank you
Thank you very much! We actually have matching Chromebooks and use Google Docs with the add-on translator. So we both can make concurrent entries of expenses and revenue in English or Chinese. I've also written contracts in Chinese and English but I found that 99% of US lawyers get upset at seeing Chinese in a contract (LOL). But that being said, I refuse to enter into a business deal with someone if they don't understand the deal.
Originally Posted by E2304
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02-11-17 09:07 #16491Senior Member

Posts: 580Been crazy but good
I see they didn't kill my voice mail yet. My job was eliminated about 4 weeks ago, on 16th. But well enough!
Originally Posted by Gopher88
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02-11-17 09:06 #16490Senior Member

Posts: 275Running a legit business makes it easier. Keep a ledger of income and actual expenses and you will be in good shape. I used to think I was up on things but I can't understand my return any more.
Originally Posted by Bob521
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02-11-17 04:36 #16489Senior Member

Posts: 1255Great information
I'm laughing as I read this. Who would think I get legal and tax advice from USASG. (Don't worry, I'm not "relying" on this advice, and I will consult professional help. You're off the hook.) She does have a work permit. Although it was stolen, along with her passport and other vital documents, but I can document all that. I did document this as a $30,000 "demand loan" to her at the minimum "legal" rate.
Originally Posted by Lebruno
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02-11-17 04:23 #16488Senior Member

Posts: 1255Accountant
I'm going to attempt it myself, unless I run into trouble. I've been doing my own taxes for 44 years. Business taxes for three years. In my own case I use tax software and only deduct or claim verifiable items. That said, the tax rules are ridiculously inane and complex. My problem this time is learning the rules for a non-resident alien, which I guess amounts to reading, and then making sure I can come up with a way to verify both income and expenses. Cash businesses, and no 1099 forms (since none of her previous jobs issued anything) are tricky. WButh the withholding nd employment taxes are very very helpful items of advice.
Originally Posted by E2304
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02-11-17 04:08 #16487Senior Member

Posts: 1255Yes
Its a long long process. I still remember, about ten years ago on a business trip. I was in a hotel bar and the bartender was smiling. He said to me: "Man, this is the happiest day of my life!" Today, I became an American citizen!. It was an emotional moment, actually for both us us. The things we take for granted in this county, immigrants spend years to achieve, sacrificing everything.
Originally Posted by DMichaels69
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02-11-17 03:01 #16486Senior Member

Posts: 568Business Taxes
You are correct. C-corp is the only business structure that allows non-US citizens to own a business in the US. That said, US will still require applicable work authorization (H1 B, EAD, GC) to legally work here irrespective of whether the worker also own the business.
I would assume she has acceptable form of work authorization in place. If it is not the case, or is still under process, it might be best to review the options with an attorney.
As regards the initial seed money, the money that you loaned to L, I believe will need to get recorded in the books and may attract a gift tax if it is 14000 or more. Reference - https://www.irs.gov/businesses/small...-on-gift-taxes.
Also, L may be entitled to pay herself an interest for the initial loan upto 8% APR until the business is able to return the loan. Also, if properly documented, she should be able to take back the loan without having to pay any taxes on that.
Again I'm not a legal professional and what I say may or may not exactly apply in your situation. So pl. Consult with one so you will have appropriate defenses to safeguard your situation.
Originally Posted by Bob521
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02-11-17 00:09 #16485Senior Member

Posts: 788C Corp
Yes, I believe C Corp status allows / requires you to pass all income and loss back to the owner in the form of a Schedule K-1. That probably also includes any payments she is sending to China. Those should be made from her income and not from business profits or as business expenses.
Originally Posted by Bob521
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02-10-17 22:38 #16484Regular Member

Posts: 1Princess is legit. I know a girl who works there. They have a few new girls and more coming in, but they're not doing anything. Yet. Probably in due time but the owners run it legit. Belmont is the go-to. Hard to go wrong there.
Originally Posted by ChedLet64
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