what can we right off taxs??

Discussion in 'Business Operations' started by fraz001, Sep 25, 2003.

  1. fraz001

    fraz001 LawnSite Member
    Posts: 34

    i guys i just put my buss on the book this year.
    and it been a up and down year
    1 my dump blow the moter 1500.00 also new mower 6500.00

    2 mouth later the clutch 600.00

    3 my insurance truck 800.00/bus.800.00

    plus have some new things for the buss.
    and i have a night time job
    i here that what the buss. don't cover will come out of my fill-time job taxs???:dizzy:
     
  2. PERFECTLAWN

    PERFECTLAWN LawnSite Member
    Posts: 3

    EXPENSES DIRECTLY RELATED TO THE OPERATION OF YOUR BUSINESS WOULD APPEAR TO BE LIGITIMATE DEDUCTIONS, BUT AS ALWAYS, CONSULT AN ACCOUNTANT OR TAX PROFESSIONAL. YOU MIGHT EVEN GET LUCKY AND PICK UP A NEW ACCOUNT THERE.
     
  3. mtdman

    mtdman LawnSite Gold Member
    Posts: 3,137

    Everything you can get a receipt for is a deduction. Write it ALL off!





    NO! Just kidding.

    Seriously though, another local LCO I talked to thought that was true. So he'd spend all his money on tvs and electronics and toys and write them off on his taxes. I told him to go see an accountant. I suggest you do the same.

    :D
     
  4. promower

    promower LawnSite Bronze Member
    Posts: 1,232

    Accountants are great. I was reffered to mine, the day I met him he said he was out to get the IRS, and he does a great job.
     
  5. AztlanLC

    AztlanLC LawnSite Bronze Member
    Posts: 1,035

Share This Page