<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content="text/html; charset=iso-8859-1" = http-equiv=Content-Type> <META content="MSHTML 5.00.2919.6307" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV>Whooooa. You scare me. I've never counted a thing for inventory = (unless I think I might need to buy more for a project). Do like Nancy, just say = no!</DIV> <DIV> </DIV> <DIV>Terry Farrell<BR>Piano Tuning & Service<BR>Tampa, Florida<BR><A = href="mailto:mfarrel2@tampabay.rr.com">mfarrel2@tampabay.rr.com</A></DI= V> <BLOCKQUOTE style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: = 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B> <A href="mailto:kellybill_m@hotmail.com" = title=kellybill_m@hotmail.com>Kelly & Bill</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A = href="mailto:pianotech@ptg.org" title=pianotech@ptg.org>Pianotech</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, April 13, 2001 = 11:15 AM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> Yeah, Taxes</DIV> <DIV><BR></DIV> <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></BLOCKQUOTE></BODY></HTML>