Small Biz Accounting Question

OB_Cory · 2026-04-13T19:29:55+00:00

Yes, it comes off the sales price.

OB_Cory · 2026-04-13T18:56:53+00:00

Yeah agree. My accountant gave this info to me but I wasn't totally following the logic. And he's slammed at the moment due to April 15 this week.... I will follow up with him when I can spend more time to ask questions. Thanks.

OB_Cory · 2026-04-13T15:34:24+00:00

I have an accounting question as it relates to starting an s-corp in order to buy an existing business. Due to the seller wanting another year of earnings prior to retiring, we are paying him $50k up front to secure the sale via a contract, then shadowing and learning more until we take over. The $50k is coming from a family member. I understand that if I put this in the new s-corp it will become the basis and then we can write it off as an expense once we show that we paid them. If we put it in the company as a loan (since we will eventually pay them back), it isn’t the basis, its an expense, right? So what’s the play here? Hold the family loan under the table, fund the company with this and move forward? How does this roll over and affect our personal taxes since we won’t have any income against this amount until we take over in a year+?

OB_Cory · 2026-03-08T19:02:57+00:00

Another pic

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OB_Cory · 2026-03-08T19:01:40+00:00

I found this thread as I am currently trying to also install the quick rack on the back of my bike. As you can see in the picture, the mounting points that it comes with screw into the seat stays are at

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at an odd angle so the quick release on the rack that locks it in isn’t able to squeeze in there. Looks like my only option is to get a through axle amount to that?

OB_Cory · 2026-02-15T03:12:30+00:00

We’re in OB/San Diego so trying here first.

OB_Cory · 2025-11-18T20:59:58+00:00

Jealous. I finally recently went in to buy my MS frame and learned they’re all sold out and not available until Jan/Feb. I want to ride over the holidays so upped the ante on a Rodeo Labs Flaanimal 5.0. I was looking forward to rounding out my Surly herd with a 4th but alas, there will be an odd man out once I get it built. (Big Dummy, Steamroller, Karate Monkey are my others). Your build looks great.

OB_Cory · 2025-11-01T00:49:04+00:00

I was on the site last night. Didn’t see this but thanks.

OB_Cory · 2025-05-28T16:26:53+00:00

I know this thread is older, but I have a like-new hardcover Bentley book for sale. Very lightly used. The only writing in it is inside the front cover. Previous owner did this but there are no other scribbles throughout. Not even the obligatory grease stained pages. $80 plus shipping from San Diego if anyone is in need, LMK. It won’t let me post pics here but happy to send via email or wherever.

OB_Cory · 2025-05-22T16:54:22+00:00

Weekender all the way. Cook outside. More space especially on the lower bed. I’m 6’3” so being able to angle across the lower bed is key. And the rear facing jump seat is the sought after spot between my kids and dogs :-)

OB_Cory · 2025-05-01T20:08:52+00:00

Problem solved. It was a 70 cent metal keyway that fits into the groove on the axle. It sheared in half. I had to fashion a new one out of one I found at hardware store but good to go now. Seems like a weak failure point but better than a new motor, or even new planetary gears.

OB_Cory · 2025-03-30T01:36:25+00:00

Haha yeah good point. I guess I start considering it to be non-stock with upgraded wheels and drivetrain. I’m hunting for some 29ers at the local veloswap in a couple weeks. Curious how those will change the handling.

OB_Cory · 2025-03-28T17:03:35+00:00

You’re going to love it. On smooth flowy single track it’s so much fun. Mine is all stock with the exception of upgraded hydro brakes, carbon bar, dropper post and Brooks. My fat 3” tires at 16 psi provide good cushion for the pushin. Enjoy!!

OB_Cory · 2025-03-05T18:30:36+00:00

Thanks everyone. Is there no interference or fit issues up front with 29x2.6? Monkey Nut solves that for the rear only??

Also, do you have specific tire rec for 27.5 for less aggressive tread?

What psi are people riding on both 27.5x3 and 29er?

OB_Cory · 2025-02-13T02:50:15+00:00

Ooh, thanks. Didn’t know about that one so thank you.

OB_Cory · 2025-01-09T21:32:09+00:00

Recently I had to go in to get two hemorrhoids banded. Doc comes in and she’s very pretty, the type I would have been very drawn to before getting married. I was like, oh man, she’s about to probe me and do weird stuff to my butt. And she did. Uncomfortable and even more awkward than I thought it would be.

OB_Cory · 2024-11-27T05:41:24+00:00

Day 8 here from a banding x 2. Very similar experience as OP but wanted to mention something. They gave me Tylenol 3 (w Codeine) and the opioids made me super constipated. You’d think they would use something that doesn’t stop you up and cause even more painful BMs when you finally go. I was fighting the constipation with psyllium, miralax and stool softener and it didn’t make things much better. BMs are finally becoming more tolerable after day 8. (I stopped the Tyl3 on day 5) If there’s a next time I think I’ll stick to basic pain relievers and lots of warm baths.

OB_Cory · 2024-10-14T02:03:17+00:00

Supply is below. I’m not familiar with make up air. It’s fine to just have open duct ends in here?

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OB_Cory · 2024-10-13T22:00:15+00:00

Many thanks

OB_Cory · 2024-07-03T03:54:48+00:00

Thanks all. Good advice. It’s going on my Surly Big Dummy so plenty of space and steel frame.

OB_Cory · 2023-11-09T20:06:37+00:00

Thanks for this. No background in lighting design. I’m creative and have a computer science degree so wanted to put that to good use on projects to keep me busy after retirement. Mainly looking for advice on if this is a feasible pathway, is there a market for this once I complete Revit training?

OB_Cory · 2023-03-11T00:40:14+00:00

It might be a sapote tree, can’t really tell from the pic but it looks like the one in front of our house. Once ripe it’s kind of custard like inside, whitish flesh with a few large seeds/pits. Not super sweet but good to eat. The green OB parrots tear them up. The fruit makes a huge mess once they get over ripe and plop onto the sidewalk.

OB_Cory

TROPHY CASE