azblackbird
Pattern Altitude
You guys need to get off this reimbursement and compensation kick. It's really getting comical.
I'll throw this out there. Let's say I have clients in Wilcox, AZ. I rent a plane for the day and fly down and meet with them. During our business meetings I write $3000 worth of advertising business. I get back and am billed $700 for the plane rental.
According to some of you Einsteins here, I would have made $3700 for the day because I was being "compensated" or "reimbursed" for the airplane expenses.
On my planet... I really only grossed $2300 for the day, as the $700 airplane rental was an expense I incurred to conduct that business. No different whether I drove my truck and incurred a $100 fuel bill plus the minimal depreciation and other misc. expenses. It all goes in the expense column.
Are you all beginning to get it now?
I'll throw this out there. Let's say I have clients in Wilcox, AZ. I rent a plane for the day and fly down and meet with them. During our business meetings I write $3000 worth of advertising business. I get back and am billed $700 for the plane rental.
According to some of you Einsteins here, I would have made $3700 for the day because I was being "compensated" or "reimbursed" for the airplane expenses.
On my planet... I really only grossed $2300 for the day, as the $700 airplane rental was an expense I incurred to conduct that business. No different whether I drove my truck and incurred a $100 fuel bill plus the minimal depreciation and other misc. expenses. It all goes in the expense column.
Are you all beginning to get it now?