<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; = charset=iso-8859-1"> <META content="MSHTML 5.50.4611.1300" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT face=Arial size=2>I am new to the sport and am curious = about a couple of tax items.  From a previous (and continuing) business of mine in = photography, as a sole proprieter, I have used the Accrual accounting = method in which I have to do a physical inventory of all my prints, frames, et cetera.  </FONT></DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <DIV><FONT face=Arial size=2>Since 2001 will likely be the first = year I can call myself a professional technician, I am curious how we deal with all the = little items like punchings, pins, et cetera that will likely be billed as = parts for repairs we do, and therefore would seem to be candidates for a physical inventory at the end of the year.  Somehow though, that seems a bit = rediculous to me.  I can just visiualize a bunch of technicians = getting together at their PTG chapter meetings to have a punching counting tax party.  Any help in knowing what we call supplies, vs. inventory, = as well as whether or not any sort of physical counting is done would be appreciated.</FONT></DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <DIV><FONT face=Arial size=2>William R. Monroe</FONT></DIV> <DIV><FONT face=Arial size=2>Associate Member, PTG</FONT></DIV> <DIV><FONT face=Arial size=2>Soon to be SLC, UT</FONT></DIV> <DIV> </DIV></BODY></HTML>