Ed,<br><br>I'm not a tax guy at all, which is why I hire a CPA. But, what I think she does is deduct all parts and supplies (wholesale cost to me) from my gross income, along with all the other business expenses. Think of it (like in a spreadsheet) as gross income in the top line minus all the expense lines = bottom line (net taxable income). Parts and supplies are along with the rest of things that get deducted.
<br><br>JF<br><br><div><span class="gmail_quote">On 2/27/07, <b class="gmail_sendername">ed miller</b> <<a href="mailto:edmiller3@hotmail.com">edmiller3@hotmail.com</a>> wrote:</span><blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">
Hello,<br><br>How do you do your taxes in regard to the materials used when servicing<br>pianos.<br><br>For example, glues, tapes and paper puchings. Are these things deducted (in<br>that they are operating expenses)? Or are they claimed as parts sold (for
<br>example, when you regulate a piano your client has essentially bought the<br>punchings used to level the keys)? Deducted vs claimed.....hmmm?<br><br>When I charge a client for a regulation (including pre-regualation repairs)
<br>I add a shop supplies fee, somewhere around $10-15. How do I account for<br>this when filing my taxes?<br><br>Thanks,<br>Ed<br><br>_________________________________________________________________<br>Win a Zune™—make MSN® your homepage for your chance to win!
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