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Why is there always tax preparer offices in the ghetto next to pawn and liquor s
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Date: January 14th, 2020 12:03 PM Author: mustard provocative crackhouse double fault Store. Never fails. It will be on the same strip as the CASH for gold stores and liquor store. Also always with a sign “cash NOW! “ or someone in a Statue of Liberty outfit with a sign flying (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429198) |
Date: January 14th, 2020 12:24 PM Author: bossy yapping temple background story It's to get a "refund" on the taxes they had to pay for their WIC/Section 8/etc. (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429345) |
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Date: January 14th, 2020 12:25 PM Author: Chocolate Impertinent Public Bath What do you mean “why”? (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429354) |
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Date: January 14th, 2020 12:27 PM Author: mustard provocative crackhouse double fault What taxes do they pay (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429367) |
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Date: January 14th, 2020 12:35 PM Author: Chocolate Impertinent Public Bath Payroll withholdings. If you are poor and have a w-2 job you get a refund. And you might be willing to take 80 percent of that refund in cash in January rather than wait until February. (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429407) |
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Date: January 14th, 2020 12:26 PM Author: Heady snowy community account They give out refunds that amount to short term loans at 75% interest (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429361) |
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Date: January 14th, 2020 12:41 PM Author: glassy feces orchestra pit (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429430) |
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Date: January 14th, 2020 12:55 PM Author: Curious set giraffe (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429480) |
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Date: January 14th, 2020 12:59 PM Author: Boyish kitchen This is CSLGs brotherd biz btw (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429499) |
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Date: January 14th, 2020 1:08 PM Author: Heady snowy community account It's a guaranteed money maker.
Should be illegal. |
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Date: January 14th, 2020 1:26 PM Author: appetizing theater preventive strike I thought he was in "tax resolution" which is an even bigger scam (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429637) |
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Date: January 14th, 2020 1:42 PM Author: Boyish kitchen 180. No accounting skills necessary |
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Date: January 14th, 2020 1:14 PM Author: irradiated patrolman base These places grind out a couple thousand returns, many or most of which contain fabricated schedule c "self-employment" income in cash heavy businesses. Amazingly, every hair dresser and day laborer who comes in makes exactly as much gross income as whatever the max for the earned income tax Credit is. They then add every possible Dependent and generate refunds in the many thousands of dollars for the "taxpayer." (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429582) |
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Date: January 14th, 2020 1:23 PM Author: Thriller free-loading whorehouse Obviously, these entrepreneurs structure their business with the tax implications in mind and quit working for the year once they hit the cap. (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429629) |
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Date: January 14th, 2020 1:30 PM Author: vibrant corner It's because their business model is not based on filing your taxes. Sure, they do that. Some will even do it for free as an incentive.
It's all low income people with very simple 1040EZ returns. Probably takes 30 minutes on average to complete each one.
The catch is that most low income people get a refund and the tax filing place issues it to them ON THE SPOT as essentially a high interest payday loan.
These people absolutely CANNOT resist taking a $1,000 check today in exchange for signing over their $1,400 return to the preparer. |
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Date: January 14th, 2020 1:32 PM Author: Vermilion forum round eye it's true i did this gig out of college would make $13-$15/hr working up EIC forms for $270/piece (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429666) |
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Date: January 14th, 2020 1:32 PM Author: laughsome sanctuary How profitable are these businesses (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429667) |
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Date: January 14th, 2020 1:33 PM Author: Vermilion forum round eye very (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429672) |
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Date: January 14th, 2020 1:42 PM Author: vibrant corner Let's do the math, brother.
Month-to-month rent for four months (Jan-April) in a strip mall in a ghetto shopping center (the more ghetto, the better for this type of business): $4,000.
Two tax prep filers @ $15/hr full-time for 14 weeks: $20,000 after payroll taxes.
Salvation Army furniture and some shitty computers: $1,500
Marketing: $5,000
Total costs: $31,000 (rounded up for misc costs).
Now let's say you average $300 on each return and process on average six per day, six days per week, for 14 weeks: $151,200
$151,200 - $31,000 = $120,200 in profit for 14 weeks of work. Six per day seems low, too. I bet you could do more.
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Date: January 14th, 2020 1:46 PM Author: laughsome sanctuary And then what happens for the rest of the year? (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429733) |
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Date: January 14th, 2020 1:49 PM Author: vibrant corner Poast and relax. (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429753) |
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Date: January 14th, 2020 1:53 PM Author: transparent stain (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429776) |
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Date: January 14th, 2020 2:45 PM Author: diverse emerald jewess trailer park Collection rates? (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39430026) |
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Date: January 14th, 2020 3:57 PM Author: Thriller free-loading whorehouse You shouldn't do month to month, just rent a bigger place and also be a pawn shop. Pawn shops are a year round business and you can issue refunds in the form of store credit. (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39430342) |
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Date: January 14th, 2020 1:34 PM Author: Mind-boggling Fluffy Office Holy shit 180. I'm in the wrong business (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429676) |
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Date: April 27th, 2020 10:25 PM Author: laughsome sanctuary How do you collect from deadbeat proles (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#40106362) |
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Date: April 27th, 2020 10:29 PM Author: well-lubricated beta turdskin ? (http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#40106387) |