"I am Rose, but I'm not very mysterious," I replied thinking I would need to stay on my toes with this one."So you are going to operate as a single proprietorship?" she asked."Yes it's just me," I replied."You would do better tax wise as a small corporation. You might consider that later on. So what do you want me to do for you?" the hundred pound over weight gray haired woman asked."Keep me out of federal prison for some tax mistake I make for sloppy bookkeeping," I said."I will monitor your bank statements to make sure all debit card purchases and deposits are recorded for a flat $100 per month. When tax time comes around, I will have your records ready to go. So I will file your quarterly estimated taxes for $100 each quarter. Then the federal taxes I will also file for you and charge another $100," she said. "In order to do this you must make all business purchases with a special credit card and no other purchases on that card. You can use your debit card for things like clothes,. "I added to the plan, "We could have one of those county guys that supervise the playground and have after school and summer programs."Tiny spoke this time, in almost a question way, "I think I know where you're going with this, but you tell me the next big benefit of doing this."Smiling, I told them the plan, "Since we have improved the property on both sides of that property, the land value is skyrocketing. If we donate that property to the county as a completed sports complex, we will have at least a two million dollar tax write-off. We may have to bust it up for deductions over two years." You are sneaky, Sharp. It really won't cost you anything, as you'll have S&S buy the property from the park corporation for whatever you want, then build the complex with S&S funds. Will you donate this from the original S&S Corporation, or from the new business park corporation?" I forgot about that, Tiny, the park and the buildings are all owned by a different corporation than the businesses..
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