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Quote:
On 2005-04-20 09:29:00, Sweetness wrote:
My husband, this will be a small construction business, We are going through a CPA, don't laugh, I need your help, but how do you go about writing stuff off, like, gas, food, supplies, cell phone, new computer, fax, copier, signs for truck, etc?
Please help, by the way, you all are great....Thank you......
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First and foremost!! KEEP ALL RECEIPTS!!
You then put them in catagories, like advertising, entertainment(dining)I think it is half of your total on dining, etc. You can't write gas and milage, either one or the other. It is better to write the milage because they give you .37/mile. You can write off all trips to post office, bank, etc. All phone bills that are dealing with business, rental space if not in your home. I have an Amazing Acct. I am a Massage Therapist with my own business so I have to keep up with ALL KINDS of receipts.
If you aren't an LLC, you should! Get all vehicles put into the Business name. Write off the payments and business vehicle.
This should get your wheels turning!
Good Luck!!
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