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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: Racy Native Queen Of The Night 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 (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429198) |
Date: January 14th, 2020 12:24 PM Author: razzmatazz whorehouse roast beef It's to get a "refund" on the taxes they had to pay for their WIC/Section 8/etc. (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429345) |
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Date: January 14th, 2020 12:25 PM Author: galvanic yellow garrison What do you mean “why”? (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429354) |
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Date: January 14th, 2020 12:27 PM Author: Racy Native Queen Of The Night What taxes do they pay (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429367) |
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Date: January 14th, 2020 12:35 PM Author: galvanic yellow garrison 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. (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429407) |
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Date: January 14th, 2020 12:26 PM Author: cyan range They give out refunds that amount to short term loans at 75% interest (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429361) |
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Date: January 14th, 2020 12:41 PM Author: Adventurous shimmering depressive (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429430) |
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Date: January 14th, 2020 12:55 PM Author: MAGA's Prolapsed Anus (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429480) |
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Date: January 14th, 2020 12:59 PM Author: Cocky well-lubricated weed whacker This is CSLGs brotherd biz btw (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429499) |
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Date: January 14th, 2020 1:08 PM Author: cyan range It's a guaranteed money maker.
Should be illegal. |
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Date: January 14th, 2020 1:26 PM Author: Mischievous geriatric ladyboy rehab I thought he was in "tax resolution" which is an even bigger scam (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429637) |
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Date: January 14th, 2020 1:42 PM Author: Cocky well-lubricated weed whacker 180. No accounting skills necessary |
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Date: January 14th, 2020 1:14 PM Author: Walnut swashbuckling cuck 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." (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429582) |
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Date: January 14th, 2020 1:23 PM Author: Exhilarant white lay karate Obviously, these entrepreneurs structure their business with the tax implications in mind and quit working for the year once they hit the cap. (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429629) |
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Date: January 14th, 2020 1:30 PM Author: razzle-dazzle corn cake 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: heady cruise ship it's true i did this gig out of college would make $13-$15/hr working up EIC forms for $270/piece (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429666) |
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Date: January 14th, 2020 1:32 PM Author: apoplectic insanely creepy parlor How profitable are these businesses (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429667) |
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Date: January 14th, 2020 1:33 PM Author: heady cruise ship very (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429672) |
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Date: January 14th, 2020 1:42 PM Author: razzle-dazzle corn cake 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: apoplectic insanely creepy parlor And then what happens for the rest of the year? (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429733) |
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Date: January 14th, 2020 1:49 PM Author: razzle-dazzle corn cake Poast and relax. (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429753) |
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Date: January 14th, 2020 1:53 PM Author: Irradiated puce home (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429776) |
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Date: January 14th, 2020 2:45 PM Author: Honey-headed blathering boistinker spot Collection rates? (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39430026) |
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Date: January 14th, 2020 3:57 PM Author: Exhilarant white lay karate 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. (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39430342) |
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Date: January 14th, 2020 1:34 PM Author: twinkling volcanic crater stock car Holy shit 180. I'm in the wrong business (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429676) |
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Date: April 27th, 2020 10:25 PM Author: apoplectic insanely creepy parlor How do you collect from deadbeat proles (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#40106362) |
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Date: April 27th, 2020 10:29 PM Author: grizzly nursing home people who are hurt ? (https://autoadmit.com/thread.php?thread_id=4421706&forum_id=2#40106387) |