pay by check

General chat that fellow COM'ers may be interested in.
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962porsche
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pay by check

Post by 962porsche » Wed Mar 06, 2013 11:39 am

i don't like being able to pay by check any more !
i don't have a personal credit card my cards are under my business name and i do not want my business to have to pay for me to go racing .
what was the point to change the pay by check thing ?

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breakaway500
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Re: pay by check

Post by breakaway500 » Wed Mar 06, 2013 1:32 pm

"i do not want my business to have to pay for me to go racing" Why not? Your entry fee and most of your running expenses are 100% deductible..IF you put your business name somewhere on the car..it's advertising! It is 100% legit,and I do it all the time.(and yes,it will pass an IRS audit,according to my CPA) Seeing as you are in the car business,many car related expenses are deductible. If you were a hair stylist..not so much... :lol:
It's not what you drive, it's how you drive. "Lap times matter"

Mark Swinehart
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Re: pay by check

Post by Mark Swinehart » Wed Mar 06, 2013 4:03 pm

You should be able to get a pre-paid credit card at WalMart.

962porsche
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Re: pay by check

Post by 962porsche » Wed Mar 06, 2013 8:47 pm

i called my credit card co and applyed for one in my name .
i will have to talk to the person that does my books about the cost of the events . i do deduct the cost of gas , tolls , tires , oil and all the other little things. i do have my shops name on my car now but i never thought about the cost of the event it's self . it does make sence though :D

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breakaway500
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Re: pay by check

Post by breakaway500 » Wed Mar 06, 2013 9:37 pm

Leave the card in your company name and use it. Dee-ductible! :D :sunny:
It's not what you drive, it's how you drive. "Lap times matter"

SEISAN
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Re: pay by check

Post by SEISAN » Thu Mar 07, 2013 9:45 am

The old saying:

It's not what you make...It's what you can keep in your pocket... and to use as many deductions as possible to write off.

That's how business is run.


Now the other point.. Why was it changed. I would assume to decrease and streamline the amount of time our Treasurer spends on money related issues for our events. Which in itself is a full time job.

S n B

962porsche
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Re: pay by check

Post by 962porsche » Mon Mar 18, 2013 6:40 pm

for the NHMS test day why does it state for some under status paid and others applied ?
i paid my entry fee but it states applied .

Mark Swinehart
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Re: pay by check

Post by Mark Swinehart » Tue Mar 19, 2013 10:02 am

One of the reasons this happens is when a member registers under one name and email then pays using a different name / email. The computer program can not match up / record the payment automatically.

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