[pianotech] billing dilemma with pitch raises

[Terry Farrell]

Well, I did that!  :-)

Terry Farrell
Farrell Piano, Inc.

On Oct 31, 2010, at 9:34 PM, Gerald Groot wrote:

> I became an S. Corp this past year.  Office supplies (garbage J)   
> and yes, health insurance too is deductible.  Becoming an S. Corp  
> allows me my business to pay for health insurance for myself as the  
> employee.  Therefore, it becomes deductible.  You can go either  
> way.  Mileage or cost of the car.   Look into becoming an S. corp.   
> It’ll save you on your taxes too.
>
> Jer
>
> From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org]  
> On Behalf Of Terry Farrell
> Sent: Sunday, October 31, 2010 8:40 PM
> To: pianotech at ptg.org
> Subject: Re: [pianotech] billing dilemma with pitch raises
>
> You deduct life insurance as a business expense? Health insurance?  
> You deduct computer garbage? (How do you calculate the value of  
> that?) You deduct your car? I deduct a mileage expense, not the cost  
> of my vehicle. You might want to look up some IRS rules......
>
> Ter
>
>
>
> On Oct 31, 2010, at 8:15 PM, Gerald Groot wrote:
>
>
> Yes, health insurance is most certainly a business expense.   That’s  
> why we can deduct it.  We do not get it paid for like GM employee’s  
> do.
>
>  I am in the 28 % income tax bracket.    Our business expense is not  
> much different than another business.  It is at a different level.    
> We have phone’s, insurance, business insurance, health insurance,  
> life insurance, some even carry ear insurance or hand insurance.  We  
> have stationary, stamps, envelopes, computers and computer garbage.   
> We have plenty of office material that we use for our business such  
> as stationary for our computers, computer ink, a desk, chairs,  
> paper, pens etc., plus we have a whole shop full of tools and  
> supplies.  We have cars that we put a lot of miles on, or some of us  
> do anyway.  We have to also pay more for using this vehicle as a  
> business car for insurance.  The list is a lot more than I’ve listed.
>
> Look up articles on operating a business online sometime and the  
> actual cost of running one.   You might be surprised at what it  
> really does cost us.  More than most think.
>
> Jer

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