Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #21  
Old 02-27-2008, 06:56 PM
JonP JonP is offline
LawnSite Bronze Member
 
Join Date: Mar 2007
Location: Definately not a gunfree zone
Posts: 1,225
if you use your personnal vehicle for business purposes your entitled to a set rate mileage for tax purposes. you must keep detailed records of the miles driven, take the start and ending odometer readings and write them down. your also entitled to maintenance costs. as someone said before, dont get creative here, take what your entitled to and thats it. you can lease a vehicle and write off the cost for business just like a truck driver can lease a truck and write off the payments. i dont really know how that works but its fairly common and any cpa should be able to explain how it works. if it were me i would go to my cpa and explain what i wanted to do and he could run through all of the tax implications for me and help me to make the best decision financially
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 06:03 AM.

Page generated in 0.06023 seconds with 9 queries