<html><body><div style="color:#000; background-color:#fff; font-family:arial, helvetica, sans-serif;font-size:10pt"><div style="RIGHT: auto"><SPAN style="RIGHT: auto">David,</SPAN></div> <div style="RIGHT: auto"><SPAN style="RIGHT: auto"></SPAN> </div> <div style="RIGHT: auto"><SPAN style="RIGHT: auto">Whatever you write off as a business expense counts as a loss on paper, and minuses against your total.  I guess if you don't need your income as a high as possible (such as if you were going to buy a home), then you can write off everything under the sun and also increase your red flags for a tax audit.<VAR id=yui-ie-cursor></VAR></SPAN></div> <DIV></DIV> <DIV> </DIV> <DIV><B><FONT color=#0000ff size=4><SPAN style="FONT-WEIGHT: normal"></SPAN></FONT></B><B><FONT color=#0000ff size=4><U>TODD PIANO WORKS</U></FONT></B> <BR><FONT color=#0000ff><FONT size=3>Matthew Todd, Piano Technician</FONT> <BR><FONT size=3>(979) 248-9578</FONT></FONT></DIV> <DIV><FONT color=#0000ff size=3><A href="http://www.toddpianoworks.com/" rel=nofollow target=_blank>http://www.toddpianoworks.com</A></FONT></DIV> <div><BR></div> <DIV style="FONT-FAMILY: arial, helvetica, sans-serif; FONT-SIZE: 10pt"> <DIV style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT size=2 face=Arial> <DIV style="BORDER-BOTTOM: #ccc 1px solid; BORDER-LEFT: #ccc 1px solid; PADDING-BOTTOM: 0px; LINE-HEIGHT: 0; MARGIN: 5px 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; HEIGHT: 0px; FONT-SIZE: 0px; BORDER-TOP: #ccc 1px solid; BORDER-RIGHT: #ccc 1px solid; PADDING-TOP: 0px" class=hr contentEditable=false readonly="true"></DIV><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> David Love <dlove1952@gmail.com><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> Matthew Todd <toddpianoworks@att.net>; "pianotech@ptg.org" <pianotech@ptg.org><BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, November 7, 2011 11:41 PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [pianotech] vehicle lease<BR></FONT><BR> <DIV id=yiv1123432170> <DIV> <DIV>Leases use interest rates as part of the rate calculation. That current rate is virtually zero. Whether it makes sense to lease or buy, take mileage or actual expenses will vary with each person and their business model, income, cost of the lease versus cost of the car, new or used (buying a new car gives you the highest rate of depreciation) and<SPAN class=yiv1123432170Apple-style-span> some other factors. You need to do the math. It's not necessarily true that the more you write off the smaller your bottom line. Some expenses will exist no matter what but certain situations allow you to write off more of those expenses thus reducing your tax liability thus increasing your bottom line.  </SPAN></DIV> <DIV><SPAN class=yiv1123432170Apple-style-span><BR></SPAN></DIV> <DIV><SPAN class=yiv1123432170Apple-style-span>It's best to seek the advice of accountants for these decisions rather than piano technicians.  </SPAN></DIV> <DIV><SPAN class=yiv1123432170Apple-style-span><BR></SPAN></DIV> <DIV><SPAN class=yiv1123432170Apple-style-span>I lease, btw.</SPAN></DIV> <DIV><BR>David Love <DIV><BR></DIV></DIV> <DIV><BR>On Nov 7, 2011, at 7:40 PM, Matthew Todd <<A href="mailto:toddpianoworks@att.net" rel=nofollow target=_blank ymailto="mailto:toddpianoworks@att.net">toddpianoworks@att.net</A>> wrote:<BR><BR></DIV> <DIV></DIV> <BLOCKQUOTE type="cite"> <DIV> <DIV style="BACKGROUND-COLOR: #fff; FONT-FAMILY: arial, helvetica, sans-serif; COLOR: #000; FONT-SIZE: 10pt"> <DIV><SPAN>I just bought a vehicle with 0% interest.  I paid taxes, registration, and all extra costs out of pocket.  Waaaaaay cheaper than a lease.</SPAN></DIV> <DIV><SPAN></SPAN> </DIV> <DIV><SPAN>I also didn't buy into the whole "you can write everything off if you leased".  The more you write off, the smaller your bottom line is on paper.<VAR id=yiv1123432170yui-ie-cursor></VAR></SPAN></DIV> <DIV></DIV> <DIV> </DIV> <DIV><B><FONT color=#0000ff size=4><SPAN style="FONT-WEIGHT: normal"></SPAN></FONT></B><B><FONT color=#0000ff size=4><U>TODD PIANO WORKS</U></FONT></B> <BR><FONT color=#0000ff><FONT size=3>Matthew Todd, Piano Technician</FONT> <BR><FONT size=3>(979) 248-9578</FONT></FONT></DIV> <DIV><FONT color=#0000ff size=3><A href="http://www.toddpianoworks.com/" rel=nofollow target=_blank><A href="http://www.toddpianoworks.com/" rel=nofollow target=_blank>http://www.toddpianoworks.com</A></A></FONT></DIV> <DIV><BR></DIV> <DIV style="FONT-FAMILY: arial, helvetica, sans-serif; FONT-SIZE: 10pt"> <DIV style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT size=2 face=Arial> <DIV style="BORDER-BOTTOM: #ccc 1px solid; BORDER-LEFT: #ccc 1px solid; PADDING-BOTTOM: 0px; LINE-HEIGHT: 0; MARGIN: 5px 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; HEIGHT: 0px; FONT-SIZE: 0px; BORDER-TOP: #ccc 1px solid; BORDER-RIGHT: #ccc 1px solid; PADDING-TOP: 0px" class=yiv1123432170hr></DIV><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> Tom Driscoll <<A href="mailto:tomtuner@verizon.net" rel=nofollow target=_blank ymailto="mailto:tomtuner@verizon.net">tomtuner@verizon.net</A>><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> <A href="mailto:pianotech@ptg.org" rel=nofollow target=_blank ymailto="mailto:pianotech@ptg.org"><A href="mailto:pianotech@ptg.org" rel=nofollow target=_blank ymailto="mailto:pianotech@ptg.org">pianotech@ptg.org</A></A><BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, November 7, 2011 1:44 PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> [pianotech] vehicle lease<BR></FONT><BR> <DIV id=yiv1123432170> <STYLE></STYLE> <DIV> <DIV><FONT size=2 face=Arial>List,</FONT></DIV> <DIV><FONT size=2 face=Arial>  Anyone out there lease their service vehicle ?</FONT></DIV> <DIV><FONT size=2 face=Arial>My Hyundai Santafe has been great but it's bigger than I need and I'm at the tipping point so to speak. That is big $ repairs on the horizon.</FONT></DIV> <DIV><FONT size=2 face=Arial> I'm thinking about a fuel efficient little wagon --Kia soul, nissan cube. Chevy  whatever it it's called.</FONT></DIV> <DIV><FONT size=2 face=Arial> Any way your collective thoughts, experiences appreciated.</FONT></DIV> <DIV><FONT size=2 face=Arial> Tom Driscoll</FONT></DIV></DIV></DIV><BR><BR></DIV></DIV></DIV></DIV></BLOCKQUOTE></DIV></DIV><BR><BR></DIV></DIV></div></body></html>