tag:blogger.com,1999:blog-4402283548766807872.post2215517761591701639..comments2024-03-20T02:26:06.500-04:00Comments on The Blunt Bean Counter: Legislative Update on Personal Service Businesses and Limited Liability Professional PartnershipsThe Blunt Bean Counterhttp://www.blogger.com/profile/11358868550072516313noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4402283548766807872.post-13049841453754713742013-03-21T21:35:00.179-04:002013-03-21T21:35:00.179-04:00Hi Anon, just getting ready to post my budget upda...Hi Anon, just getting ready to post my budget update, nothing new on PSBsThe Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-44245554155314219442013-03-21T21:25:47.508-04:002013-03-21T21:25:47.508-04:00Any idea how the mentioned "crackdown on tax ...Any idea how the mentioned "crackdown on tax loopholes" from today's federal budget release would affect the PSB issue?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-43133250535636790992012-12-10T16:16:28.072-05:002012-12-10T16:16:28.072-05:00Anon, that is the Million Dollar Question. I just ...Anon, that is the Million Dollar Question. I just discussed that issue with someone today. Question of facts, often not entirely clear even with all the facts. Sorry, no clear answer on that oneThe Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-5473767641404427982012-12-10T13:14:54.335-05:002012-12-10T13:14:54.335-05:00But does the amount of income generated per client...But does the amount of income generated per client come into play? For instance, what if you have 3 clients, but 95% of your corporation's income comes from just 1 of the clients?<br /><br />In that scenario, are you still potentially classified as a PSB even though you have more than one client?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-79528827708543915292012-11-30T15:16:29.116-05:002012-11-30T15:16:29.116-05:00It is a question of fact. The more clients you hav...It is a question of fact. The more clients you have the more reflective that you are not a PSB. Three clients in general would be indicative you are not an employee of a single companyThe Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-70194522492883724022012-11-30T12:14:21.262-05:002012-11-30T12:14:21.262-05:00Does this only apply if your are only billing/invo...Does this only apply if your are only billing/invoicing one client? I have two companies right now, and another one soon which I'll be billing for IT Services. Korbynhttps://www.blogger.com/profile/06023515396762843537noreply@blogger.com