charge for time?

[Annie Grieshop]

FYI, one of the articles in this week's "IRS e-News for Small Businesses" is
entitled "Do you know how to claim business use of your vehicle?"

Subscription (and other) info at
http://www.irs.gov/businesses/small/index.html

Annie Grieshop

> -----Original Message-----
> From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org]On
> Behalf Of Dean May
> Sent: Wednesday, May 09, 2007 9:49 AM
> To: 'Pianotech List'
> Subject: RE: charge for time?
>
>
> Actually, Terry, that does not reimburse you for those costs. You
> still pay
> them. Claiming them as a deduction does not pay the cost, it only
> means the
> government will steal slightly less from you, around 30% of your actual
> depreciation/fuel/maintenance costs, or whatever tax bracket you are in.
>
> The customer should pay the cost which then shows up in your gross income
> stream. Claiming the deduction rightly removes it from your gross income
> since it is an expense, not profit. But claiming the deduction by itself
> does not pay the actual costs.
>
> Dean
>
> Dean May             cell 812.239.3359
>
> PianoRebuilders.com   812.235.5272
>
> Terre Haute IN  47802
>
> -----Original Message-----
> From: pianotech-bounces at ptg.org
> [mailto:pianotech-bounces at ptg.org] On Behalf
> Of Farrell
> Sent: Tuesday, May 08, 2007 11:05 PM
> To: Pianotech List
> Subject: Re: charge for time?
>
> No, I don't think so. I file my business mileage on my tax return, which
> presumably would cover depreciation/fuel/maintenance costs
> (keeping in mind
> my vehicle is also used for personal outings).
>
> Terry Farrell
>
> ----- Original Message -----
> From: "Don" <pianotuna at accesscomm.ca>
> > If you only charge your hourly fee you are *out* your
> > depreciation/fuel/maintenance costs. But I applaud you at least charging
> > your hourly rates.
> >
> > At 03:08 PM 5/8/2007 -0400, you wrote:
> >>   I think I'm with you Jim - don't have a  super-computer to check you
> >>math ;-). When I agree to travel outside my normal  area or to make a
> >>special trip within my area (other side of the county when I  don't have
> >>any other tunings there on that day, etc.), I don't bother with
>  miles, I
> >>charge my hourly fee for my travel time. Period.   Keeps things simple.
> >>Terry Farrell
>
>
>
>
>