[pianotech] billing dilemma with pitch raises

[Gerald Groot]

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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