Posts Tagged ‘taxes’

Domains, Taxes and Fabulous.com

Posted by Acro in Business, Domains on March 24th, 2010

A little over a year ago I started consolidating my domain names at a single registrar. At that time, I decided to use Fabulous.com for a number of obvious reasons: low pricing, extensive backend to manage the domains, great tech support.

As time passed by, I still have domains in a handful of other registrars, but the big exodus from eNom is in its final stages. Despite the equally great backend manager, eNom lacks in a couple of fields that I’ve found Fabulous.com to win hands down.

Mass-acquisition of EPP codes is not available via eNom’s interface, thus making the mass transfer of domains a pain in the butt. Fabulous offers that and in general such mass-handling features are where you expect them to be, including renewals via the Expiry Control section.

Secondly, when it comes down to billing notifications, Fabulous.com is second to none. You get emails for every activity, including very well-thought invoices with detailed break down of the charges involved. The mere fact that PDF files are attached, makes my life so much easier around this time of the year.

Tax time is around the corner and if you can’t manage the volume of your transactions anymore, consider hiring a CPA for the job. Stay away from the H&R Block guys.

Fabulous.com retains detailed records of all your charges and expenses – and revenue, if you park domains with them. It’s just a matter of printing out the monthly PDF files for the entire year. Meanwhile, at eNom you have to run a report, which is generated in the background. Although eNom has improved in the past year and can now generate reports older than 6 months, there are errors that frustrate the heck out of me, e.g. no renewal dates are included in the CVS files.

For the remaining domains of my eNom portfolio, I have to do a lot of manual labor in order to produce the documents I need for tax purposes. Not so with Fabulous.com which I thoroughly recommend as a registrar for domainers.

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Forgive me, Father, for I have sinned!

Posted by Acro in Business, Domains on March 26th, 2009

Forgive me, Father, for I have sinned. It’s been one day since my last .tel registration.

Today I received the news from my CPA about how much I’ll have to pay in taxes this year. It will be much less than what I expected; just a partial “scalping” and not a full one.

My CPA is a great guy, well-educated and professional, able to tap into the resources offered by his industry – he’s always staying on top of new events and developments with regards to taxation and asset management.

His web site, unfortunately, is hosted at the domain name of his daughter – also a CPA – which also happens to be her rather obscure (German) first name. To top it off, it’s a .net

I thought about it and found a legitimate use for this – then went ahead and registered his easy to pronounce last name in .tel. I think he will be pleasantly surprised – once telhosting.name.com begins to resolve in order to manage it, as a quick pointer to the actual domain.

How many “hail Mary’s” will that be, Father?

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