CRA eJournal

Business Tax Survey

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Thank you to all those who take time to participate in our surveys. CRA utilizes the information we gather to better serve you. If you have an idea for a survey for CRA members, please send your request to CRA at Info@CalRental.org for consideration. This month, we surveyed members about their business tax.
 
Business Tax

1. What type of equipment do you rent:
General Rental: 43.33% (13 responses)
Party: 33.33% (10 responses)
Both: 23.33% (7 responses)

2. What category does your business fall into:
S Corp: 36.67% (11 responses)
C Corp: 53.33% (16 responses)
LLC: 10.00% (3 responses)
Sole Proprietor: 0.00% (0 responses)

3. When does your fiscal year end? (27 responses)
1. December 31. (12 responses)
2. Calendar year. 
3. June 30.
4. October 31. (3 responses)
5. December. (5 responses)
6. Year end.
7. September 30.
8. September.
9. March 31. (2 responses)

4. Does Section 179 of the tax law affect when you purchase equipment?
Yes: 42.86% (12 responses)
No: 25.00% (7 responses)
Maybe: 28.57% (8 responses)
Don’t Care: 3.57% (1 responses)

5. Additional comments on question 4:
1. Some years yes. 
2. I try to use 179 to it’s best benefit.
3. That’s why I pay an accountant.
4. More as needed.
5. We buy equipment mostly at the shows or when we need it most.
6. I don’t know.
7. Very difficult to do an 1120 which allows more and then having to cut back to CA 25000.

6. Additional survey comments:
1. We should do a survey on PAGA, if our members are aware of it and what their personal experiences may have been.
 
 

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