Can a business claim dump fees and equipment rentals on taxes?

Discussion in 'Business Operations' started by jaybow, Jan 22, 2011.

  1. jaybow

    jaybow LawnSite Bronze Member
    from Mi
    Posts: 1,084

    Just putting together my papers for taxes and was wondering if anyone knows if a business can claim dump fees and equipment rentals on their taxes? Thanks!
     
  2. Barrett Landscaping

    Barrett Landscaping LawnSite Bronze Member
    Posts: 1,600

    its a cost to your business so.... YES
     
  3. RHill

    RHill LawnSite Member
    Posts: 95

    I agree, if the expenses are legitimate for the operation of your business, they will be deductable
     
  4. jaybow

    jaybow LawnSite Bronze Member
    from Mi
    Posts: 1,084

    Cool, sounds good. Does anyone else claim them. What other things can a business claim that people might not think of?
     
  5. Gravelyftw

    Gravelyftw LawnSite Member
    Posts: 119

    ^there you go his response should answer all your questions. You can claim anything and everything that you buy that is a business expense. (your workers snacks/lunches...anything)
     
  6. fl-landscapes

    fl-landscapes LawnSite Silver Member
    Posts: 2,542

    we all do, they are legitimate business expenses, I dont mean to be a dink but you may want to have an accountant do your taxes. They pay for themselves in tax savings and piece of mind.....oh and their service is a tax right off too.
     
  7. you really need to get someone who knows what they are doing to do your taxes.
     
  8. jaybow

    jaybow LawnSite Bronze Member
    from Mi
    Posts: 1,084

    Ive had an accountant doing them since I started the business, I've just never asked her so I thought I would post on here. Are you saying I can claim the fee for her doing my taxes? I'm a sole proprietor so I do the business taxes along with my personal taxes. Not monthly or quarterly like LLCs or Corperations.
     
  9. jaybow

    jaybow LawnSite Bronze Member
    from Mi
    Posts: 1,084

    I have an accountant do them, I just never asked her that.
     
  10. igotdiesel2

    igotdiesel2 LawnSite Member
    Posts: 135

    I deduct the fee my accountant charges me to do my taxes. He said to do it so I do it. One thing I do not deduct is my office space in my house. We talked about it and the crap you have to go through is a pain plus he said it throws a huge red flag and I have no desire for a audit. I agree with all having someone who knows taxes is the only way to go. Part of my business owns rental property so it can get a little hairy on taxes. He comes to my home/office with a laptop and a printer and we are all done in 2 or 3 hours. Saving me all kinds of time and money in the process. Best thing I have ever done.-Jason
     

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