Deductions

Discussion in 'Business Operations' started by CK82, Sep 10, 2006.

  1. CK82

    CK82 LawnSite Member
    Posts: 229

    I am trying to figure out what expenses can be taken as tax deductions, I have an accountant do my income tax and such but she hasnt been very helpful on to what exactly I can take deductions on. For instance is taking a client (friend) to play golf, or eating out for lunch during the day able to be taken as a deduction. Things like that I guess I am looking for some information on. Thanks
     
  2. Thirdpete

    Thirdpete LawnSite Member
    from Chicago
    Posts: 236

    if its a business related expense then its deductible. if its not then its not. but get an accountant that can tell you that. theres rules for gifts and stuff.
     
  3. 1MajorTom

    1MajorTom Senior Moderator
    Posts: 6,074

    find yourself a better accountant, that will answer all your questions, and will look out for your best interest. afterall, you are paying her.
     
  4. CK82

    CK82 LawnSite Member
    Posts: 229

    Yeah that probably is a good idea, I am currently a one man opertation, well for the most part I didnt think I needed more of an accountant than I had.
     

Share This Page