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tax right offs

Discussion in 'Business Operations' started by kyfireman2004, Dec 17, 2007.

  1. What tax right offs are there? How much can you do your home office and home shop or garage?
    Which ways are there to right off a truck, equipment, lunch, phone, home internet, expo's ect,,,,,,,,,,,,What things can be a right off that aren't really ever thought of?
  2. grasswhacker

    grasswhacker LawnSite Gold Member
    Messages: 3,873

  3. JB1

    JB1 LawnSite Fanatic
    Messages: 5,904

    find a good CPA and set down and have a talk, there where you will get the right answers.
  4. causalitist

    causalitist LawnSite Senior Member
    Messages: 610

    with trucks you can either write off all expenses incurred from driving it(gas,oil,tires, etc etc) or $0.48 per mile ... the mileage usually results in a bigger deduction.

    other than that ... every cent you spend on your business.
    get a cpa ... it cost me $80 last year, got roughly $12,000 in writeoffs.
  5. grass-scapes

    grass-scapes LawnSite Bronze Member
    Messages: 1,552

    also you must remember, if you take the home office deduction, if you ever sell, there are tax issues there because you took deductions.

    Best advice I can offer is GET A CPA.
  6. VisionsLandscaping

    VisionsLandscaping LawnSite Member
    Messages: 54

    deductions around here can be written off in form of business issues only. Such as anything dealing with putting money out of your business for needed things.
  7. grass-scapes

    grass-scapes LawnSite Bronze Member
    Messages: 1,552

    Is that only in WV?


    Of course you can deduct business expenses. and of course you can't deduct that trip to cancun.......unless you attended a lawn seminar there LOL
  8. M&SLawnCare

    M&SLawnCare LawnSite Senior Member
    Messages: 306

    Hmmm, is their ever any lawn seminar's hosted in cancun? ....

  9. N.H.BOY

    N.H.BOY LawnSite Bronze Member
    Messages: 1,603

    Can I write off my sled for quoting driveways around town in the snow?:laugh:
  10. VisionsLandscaping

    VisionsLandscaping LawnSite Member
    Messages: 54

    you can write off that new truck you bought to work with lol

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