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Why is there always tax preparer offices in the ghetto next to pawn and liquor s

Store. Never fails. It will be on the same strip as the CASH...
Erotic Irradiated Ape
  01/14/20
It's to get a "refund" on the taxes they had to pa...
fiercely-loyal black woman
  01/14/20
What do you mean “why”?
filthy hairless sex offender church building
  01/14/20
What taxes do they pay
Erotic Irradiated Ape
  01/14/20
Payroll withholdings. If you are poor and have a w-2 job yo...
filthy hairless sex offender church building
  01/14/20
They give out refunds that amount to short term loans at 75%...
racy famous landscape painting site
  01/14/20
...
Ivory Faggotry
  01/14/20
...
jet-lagged spectacular telephone
  01/14/20
This is CSLGs brotherd biz btw
Aromatic Crimson Hospital French Chef
  01/14/20
It's a guaranteed money maker. Should be illegal.
racy famous landscape painting site
  01/14/20
I thought he was in "tax resolution" which is an e...
soul-stirring unholy locus
  01/14/20
180. No accounting skills necessary
Aromatic Crimson Hospital French Chef
  01/14/20
These places grind out a couple thousand returns, many or mo...
brindle yapping stock car
  01/14/20
Obviously, these entrepreneurs structure their business with...
Plum giraffe
  01/14/20
It's because their business model is not based on filing you...
bull headed spot
  01/14/20
it's true i did this gig out of college would make $13-$15/h...
cobalt reading party chapel
  01/14/20
How profitable are these businesses
curious obsidian old irish cottage friendly grandma
  01/14/20
very
cobalt reading party chapel
  01/14/20
Let's do the math, brother. Month-to-month rent for four ...
bull headed spot
  01/14/20
And then what happens for the rest of the year?
curious obsidian old irish cottage friendly grandma
  01/14/20
Poast and relax.
bull headed spot
  01/14/20
...
medicated bawdyhouse shitlib
  01/14/20
Collection rates?
Pearly trump supporter fanboi
  01/14/20
You shouldn't do month to month, just rent a bigger place an...
Plum giraffe
  01/14/20
Holy shit 180. I'm in the wrong business
diverse emerald gaping
  01/14/20
How do you collect from deadbeat proles
curious obsidian old irish cottage friendly grandma
  04/27/20
?
concupiscible center wagecucks
  04/27/20


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Reply Favorite

Date: January 14th, 2020 12:03 PM
Author: Erotic Irradiated Ape

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)



Reply Favorite

Date: January 14th, 2020 12:24 PM
Author: fiercely-loyal black woman

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)



Reply Favorite

Date: January 14th, 2020 12:25 PM
Author: filthy hairless sex offender church building

What do you mean “why”?

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429354)



Reply Favorite

Date: January 14th, 2020 12:27 PM
Author: Erotic Irradiated Ape

What taxes do they pay

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429367)



Reply Favorite

Date: January 14th, 2020 12:35 PM
Author: filthy hairless sex offender church building

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)



Reply Favorite

Date: January 14th, 2020 12:26 PM
Author: racy famous landscape painting site

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)



Reply Favorite

Date: January 14th, 2020 12:41 PM
Author: Ivory Faggotry



(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429430)



Reply Favorite

Date: January 14th, 2020 12:55 PM
Author: jet-lagged spectacular telephone



(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429480)



Reply Favorite

Date: January 14th, 2020 12:59 PM
Author: Aromatic Crimson Hospital French Chef

This is CSLGs brotherd biz btw

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429499)



Reply Favorite

Date: January 14th, 2020 1:08 PM
Author: racy famous landscape painting site

It's a guaranteed money maker.

Should be illegal.

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429536)



Reply Favorite

Date: January 14th, 2020 1:26 PM
Author: soul-stirring unholy locus

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)



Reply Favorite

Date: January 14th, 2020 1:42 PM
Author: Aromatic Crimson Hospital French Chef

180.

No accounting skills necessary

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429719)



Reply Favorite

Date: January 14th, 2020 1:14 PM
Author: brindle yapping stock car

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)



Reply Favorite

Date: January 14th, 2020 1:23 PM
Author: Plum giraffe

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)



Reply Favorite

Date: January 14th, 2020 1:30 PM
Author: bull headed spot

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.

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429651)



Reply Favorite

Date: January 14th, 2020 1:32 PM
Author: cobalt reading party chapel

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)



Reply Favorite

Date: January 14th, 2020 1:32 PM
Author: curious obsidian old irish cottage friendly grandma

How profitable are these businesses

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429667)



Reply Favorite

Date: January 14th, 2020 1:33 PM
Author: cobalt reading party chapel

very

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429672)



Reply Favorite

Date: January 14th, 2020 1:42 PM
Author: bull headed spot

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.



(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429716)



Reply Favorite

Date: January 14th, 2020 1:46 PM
Author: curious obsidian old irish cottage friendly grandma

And then what happens for the rest of the year?

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429733)



Reply Favorite

Date: January 14th, 2020 1:49 PM
Author: bull headed spot

Poast and relax.

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429753)



Reply Favorite

Date: January 14th, 2020 1:53 PM
Author: medicated bawdyhouse shitlib



(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429776)



Reply Favorite

Date: January 14th, 2020 2:45 PM
Author: Pearly trump supporter fanboi

Collection rates?

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39430026)



Reply Favorite

Date: January 14th, 2020 3:57 PM
Author: Plum giraffe

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)



Reply Favorite

Date: January 14th, 2020 1:34 PM
Author: diverse emerald gaping

Holy shit 180. I'm in the wrong business

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#39429676)



Reply Favorite

Date: April 27th, 2020 10:25 PM
Author: curious obsidian old irish cottage friendly grandma

How do you collect from deadbeat proles

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#40106362)



Reply Favorite

Date: April 27th, 2020 10:29 PM
Author: concupiscible center wagecucks

?

(http://www.autoadmit.com/thread.php?thread_id=4421706&forum_id=2#40106387)