Tax Deductions

Discussion in 'Business Operations' started by elijahjames, Apr 20, 2004.

  1. elijahjames

    elijahjames LawnSite Member
    Posts: 13

    Besides the standard deductions for equipment, health insurance, advertising, etc. Are there other less known items I should be keeping track of for year end taxes? I know the big one lately is deducting the entire cost of a vehicle weighing over 6,000 pounds. Thanks in advance.
     
  2. prizeprop

    prizeprop LawnSite Senior Member
    Posts: 820

    Save every receipt you get and your accountant will tell you whats what.-----everything,stationary,postage,nuts and bolts,tolls,work cloths,office space,phones etc. materials,disposal
     
  3. jajwrigh

    jajwrigh LawnSite Bronze Member
    Male, from Martinsville, IN
    Posts: 1,405

    Don't forget mileage and gas too!!
     
  4. MacLawnCo

    MacLawnCo LawnSite Bronze Member
    Posts: 1,847

    off road fuel tax credit, 19 cents per gallon. "uniforms" specificly for work and associated laundering costs. the list literally goes on and on. see an accountant to know exactly what can and cant be done.
     

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