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Started By
Message
Business / tax/ hunting question
Posted on 7/23/13 at 10:29 am
Posted on 7/23/13 at 10:29 am
I own a small business and just joined a deer lease as an individual. I am about to buy a new 4x6 tower blind and high end feeder. I will possibly take a few of my customers on occasion. Should I buy the above items through my business and use them as a tax write off?
TIA,
Sull
TIA,
Sull
Posted on 7/23/13 at 10:30 am to Sull
If you're CPA will deduct in, sure.
TigerTrey, CPA
Edit: Actually, they are not deductible, but people run them through pretty routinely. I'd consider the dues "less risky" than the stand/equipment.
Also, on the equipment, it for sure depends (the RISK depends) on the type of business youre in. If a landman buys a fourwheeler, he's safer than a lingerie shop buying a fourwheeler.
TigerTrey, CPA
Edit: Actually, they are not deductible, but people run them through pretty routinely. I'd consider the dues "less risky" than the stand/equipment.
Also, on the equipment, it for sure depends (the RISK depends) on the type of business youre in. If a landman buys a fourwheeler, he's safer than a lingerie shop buying a fourwheeler.
This post was edited on 7/23/13 at 10:34 am
Posted on 7/23/13 at 10:33 am to Sull
Place your business label on the tower blind and write it off as a advertising expense for small billboard...
Posted on 7/23/13 at 10:54 am to Sull
quote:
Should I buy the above items through my business and use them as a tax write off?
What kind of business do you have?
T&E write offs are not as easy as they used to be
Posted on 7/23/13 at 12:39 pm to tgrbaitn08
I used to have my business and I would just write off immediate expenses instead of capital improvements. Such as would "report" I was taking clients every weekend and write off gas, groceries, corn, etc.
Posted on 7/23/13 at 12:40 pm to Sull
yep.
if you don't, you're the only one who wont
if you don't, you're the only one who wont
Posted on 7/23/13 at 1:02 pm to Sull
My CPA, who just happens to be my mother writes off EVERYTHING for me.
Posted on 7/23/13 at 1:47 pm to 34venture
Predictive Maintenance / Consulting in manufacturing facilities.
Posted on 7/23/13 at 2:19 pm to Sull
Deduct under "Meals and Entertainment"
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