[pianotech] Quick Quickbooks Question

[Duaine Hechler]

You point is / was ?????

On 02/27/2011 03:26 PM, tnrwim at aol.com wrote:
> The post wasn't necessarily directed at your accountant, specifically.
> I'm sure your accountant is up on all of the latest legal loopholes,
> like the % of utilities. But then, that's something I knew long before
> my son became a CPA.
>  
> Wim
>
>
>
> -----Original Message-----
> From: Duaine Hechler <dahechler at att.net>
> To: pianotech <pianotech at ptg.org>
> Sent: Sun, Feb 27, 2011 8:44 am
> Subject: Re: [pianotech] Quick Quickbooks Question
>
> Well, sorry to disappoint you, Wim, however, this man is always on top
> of the latest - or was - he has retired now and - 4 - of his sons have
> taken over the business - each one having his own specialty.
>
> That is how he knew how to, legally, get around all the self-employed
> loop holes - like the % of utilities instead of "office space"
>
> Before he would start a new tax year, he got updates on all his software
> and attend the latest tax seminars, etc.
>
> Duaine
>
> On 02/27/2011 12:12 PM, tnrwim at aol.com <mailto:tnrwim at aol.com> wrote:
> >
> >     My advice came from a "career" tax man - about 50 years in the business.
> >
> > Just like some piano tuners, just because your tax man has been in the
> > business for 50 years, doesn't mean he knows all the rules and
> > regulations. In fact. a lot of times they know less than the newer
> > accountant, because these old guys think they know everything, and
> > fail to read all the new codes, etc.
> >  
> > My son, a very successful CPA, has seen first hand, how some of these
> > old timers are so out of touch with the new tax codes, that he has
> > been able to saved some of his clients thousands of dollars in taxes
> > after he re-did the return.
> >  
> > WIm
> >  
> > -----Original Message-----
> > From: Duaine Hechler <dahechler at att.net <mailto:dahechler at att.net> <mailto:dahechler at att.net <mailto:dahechler at att.net?>>>
> > To: pianotech <pianotech at ptg.org <mailto:pianotech at ptg.org> <mailto:pianotech at ptg.org <mailto:pianotech at ptg.org?>>>
> > Sent: Sat, Feb 26, 2011 8:22 am
> > Subject: Re: [pianotech] Quick Quickbooks Question
> >
> > On 02/25/2011 02:58 PM, Mr. Mac's wrote:
> > >> On Thu, Feb 24, 2011 at 5:50 PM, Duaine Hechler <dahechler at att.net <mailto:dahechler at att.net> 
> <mailto:dahechler at att.net <mailto:dahechler at att.net?>>> wrote:
> > >>
> > >> …  by my tax man, said not to worry
> > >> about inventory and mark it as supplies or COGS. …
> > >>     
> > >
> > > Point of information:
> > > For those who might not know, be leery of someone else's tax person's 
> advice.
> > >
> > > There's more to keeping track of inventory than bellows cloth and bridle 
> > straps.
> > >    which are basically consumable supplies.
> > >
> > > There is a distinct difference between consumable supplies and larger ticket 
>
> > items.
> > >
> > > Keith
> > >
> > > Keith McGavern, RPT
> > > http://www.ptg.org/chapters/oklahoma/
> > > http://pianostuff.kamcam.com/
> > >   
> >
> > My advice came from a "career" tax man - about 50 years in the business.
> >
> > Agreed, about your difference - however, he still said just to write it
> > off and forget about depreciation.
> >
> > Duaine
> >
> > -- 
> > Duaine Hechler
> > Piano, Player Piano, Pump Organ
> > Tuning, Servicing & Rebuilding
> > Reed Organ Society Member
> > Florissant, MO 63034
> > (314) 838-5587
> > dahechler at att.net <mailto:dahechler at att.net> <mailto:dahechler at att.net <mailto:dahechler at att.net?>>
> > www.hechlerpianoandorgan.com <http://www.hechlerpianoandorgan.com/> <http://www.hechlerpianoandorgan.com/>
> > --
> > Home & Business user of Linux - 11 years
> >
> >
>
>
> -- 
> Duaine Hechler
> Piano, Player Piano, Pump Organ
> Tuning, Servicing & Rebuilding
> Reed Organ Society Member
> Florissant, MO 63034
> (314) 838-5587
> dahechler at att.net <mailto:dahechler at att.net>
> www.hechlerpianoandorgan.com <http://www.hechlerpianoandorgan.com/>
> --
> Home & Business user of Linux - 11 years
>
>


-- 
Duaine Hechler
Piano, Player Piano, Pump Organ
Tuning, Servicing & Rebuilding
Reed Organ Society Member
Florissant, MO 63034
(314) 838-5587
dahechler at att.net
www.hechlerpianoandorgan.com
--
Home & Business user of Linux - 11 years