School Contracts

[David Lawson]

Not sure if discounts given during the year can be used as a tax deduction
but I'm fairly certain the purchase of a Pierce Piano Atlas is!!

Alastair
David Lawson's Pianos
Wangaratta Australia

----- Original Message ----- 
From: "Ron Nossaman" <rnossaman at cox.net>
To: "Pianotech List" <pianotech at ptg.org>
Sent: Friday, February 29, 2008 3:49 AM
Subject: Re: School Contracts


> >     Are you also able to use any discounts you give for the year and
> >     right them off your taxes?
> >
> >
> >
> > Yes, at least maybe.  I'd have to check with my accountant.  But I think
> > it might be some sort of business expense.  But the tax deduction never
> > equals the income you'd have received if you'd have charged the normal
> > price.  Not to say there might be other good business reasons for giving
> > a discount.
> >
> > -- 
> > JF
>
> No. It's like a bad debt. The non-income is the deduction.
> Ron N
>
>