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02-03-2001, 09:15 PM
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LawnSite Member
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Join Date: Mar 2000
Location: near Richmond, Va
Posts: 160
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How about this thread being for "unique" tax deductions and other cool ways to save a buck? I didn't know until recently that you could get back fuel taxes you paid at the pump for equipment fuel. Must be other ways to save money that some folks haven't heard of.
Mike
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02-03-2001, 09:59 PM
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LawnSite Senior Member
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Join Date: Nov 2000
Location: Crystal Lake, Illinois
Posts: 689
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Well, to the best of my knowledge, you can write off:
1. Truck payments/equipment payments
2. Gas
3. Mileage
4. A certain percentage for using your home as an office
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02-03-2001, 10:31 PM
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LawnSite Gold Member
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Join Date: Dec 1999
Location: DE
Posts: 3,906
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Also a percentage of your computer!
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Bob
If you choked a Smurf, what color would it turn?
I'd give my right hand , if I could be ambidextrous!
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02-03-2001, 11:47 PM
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LawnSite Senior Member
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Join Date: Aug 2000
Location: Columbus Ga
Posts: 499
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here's a thought .....the food and up keep on your dog....
anti thieft.....i belevie if you park your rig withihn the fenced area with your poch right off ??????????????
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" DO UNTO OTHER AS U WOULD HAVE THEM DO UNTO YOU!"
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02-04-2001, 12:26 AM
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LawnSite Bronze Member
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Join Date: Dec 1999
Location: South Bend, IN
Posts: 1,971
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Get state refund and federal credit for fuel tax, on fuel used in off-road equipment. Means here we get 33.4 cents back fo reach gallon.
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Jim
North central Indiana
<a href="http://members.aol.com/groundkprs/Entry/Educate.html"> Learn About Turfgrass</a>
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02-04-2001, 12:45 PM
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LawnSite Member
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Join Date: Mar 2000
Location: moline, IL
Posts: 106
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You can also take health insurance off also.
Dont forget any tools and uniforms. fund your ira for a nice deduction. As long as its not a roth ira.
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02-04-2001, 04:22 PM
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LawnSite Member
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Join Date: Feb 2000
Location: S.E. PA
Posts: 169
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My accountant said to be careful about writing off the home as a business, I am trying to sell my house and she said it was best not do it. Also I write off my mileage vs. the truck payments. Dont forget business supplies and postage on invoices, mailings etc. Dues to civic organizations also, like http://www.paturfgrass.org
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02-04-2001, 07:02 PM
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LawnSite Silver Member
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Join Date: Jan 2001
Location: 93-04 (Zone5b) 05-now (Zone9a)
Posts: 2,660
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Dry Cleaning Bills
We have company uniforms that are dry cleaned thru a local outfit. Funny how different clothes from our home often wind up in the wrong hamper.(*wink *wink) It just increase our write off.
Kris
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02-04-2001, 11:27 PM
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LawnSite Senior Member
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Join Date: Sep 2000
Location: St. Louis, Mo
Posts: 360
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Zimm4
I am just curious as to why you would continue with the traditional IRA and not start a roth IRA. I would rather pay taxes on $2000 worth of income this year as opposed to what it accumulates to in 20...30...40 years from now.
$2000 a year at 8% interest for 45 years (in my case). would equal $90,000 invested and $773,011.23 value at retirement. which would you rather pay taxes on?
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02-05-2001, 01:25 AM
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LawnSite Senior Member
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Join Date: Jan 2000
Location: Ohio
Posts: 597
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1st off, write off 21.95 a month for AOL cuz of LAWNSITE!!! Maybe only a portion.... I wrote off a speeding ticket 2 yrs ago cuz I was on my way home from picking up my new 20 ft. lawn trailer.
I write off 4x4 subscription-(truck upkeep), gatorade on the job (had to argue for this one), but food-no.
At least in my area, I can't write off home office expenses cuz I provide a service business, & that service is provided at their location, not mine.
There's tons of legit stuff that Uncle Sam allows; enjoy it!
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§§§-Smitty-§§§
Making money off of Mother Nature
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