Im thinking about starting a small operation, an operation, which Im hoping can break-even in year one and turn a small profit in year 2. Ultimately off-setting equipment purchases for my own long term use. ( i.e. Toro Z340) This year, Ive been intrigued in studying turf grasses, weeds, diseases and lawn maintenance in pursuit in up-keeping my home lawn. Ive been reading everything I can get my eyes on over the internet and have even thought about attending a 3 week seminar through a university in Turf Care Management. All I can say is its amazing how much there is to learn. What also amazes me is that it seems as everyone on my block, but myself, has a lawn service cutting their lawn. Most of my new neighbors at some point this year have complained about a missed cut due to weather related issues. In the same breath made a comment how good my lawn looks. (Because Im cutting every 3-5 days during the growing season and am not relying on someone elses schedule.) So Ive been thinking purchasing a Toro Z340 and getting a couple of accounts to off-set the cost Ive mentioned it to 3 of my neighbors and they have all said that if I wanted to cut their lawns next year, theyd be more than happy to pay me for lawn service. So I think I could potentially have 3 clients already and would be surprised if another 2 wouldnt quickly jump on board. So, I could potentially be cutting 6 properties including my own, 3 on one side, and 3 on the other side of the street. All 1/3 flat acre lots, minimal obstacles and approx 10ksq/ft of turf to cut and trim. Ive watched their lawn services cut and finish in 15-20 or so minutes with their commercial grade ZTRs. (Granted 2 man teams with trimming happening simultaneously.) Currently it takes me 1 hour to cut and trim my own property with a 21" residential snapper. Anyway, I guess my question really is about Accounting of the business and depreciation of equipment. Lets assume I have 5 clients, each paying $200/ month, 7 months a year, total $1400.00 per property. Grossing $7,000.00 which does get reported as additional small business income. Lets also assume I purchase a Toro Z340 for $6,000.00 Assume Section 179 tax code doesnt change for 2009. For my 2009 tax filing, after applying Section 179 depreciation of equipment, Id only have $1000.00 as taxable income and my ZTR would have been paid for. I'm not missing anything, am I? Seems simple enough.