Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Just starting your lawn care or landscaping business? > Starting a lawn care business.

Starting a lawn care business. How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.

Mileage and Depriciation


Starting a lawn care business.

How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.
Reply
 
Thread Tools Search this Thread
  #1  
Old 08-07-2009, 09:40 PM
Seann
Guest
 
Posts: n/a
Default Mileage and Depriciation

When I incorporate will I be able to claim mileage and fuel costs on my taxes on a truck that I personally own and not owned by the company? I will of course contact my tax man but I was wondering if anybody could give a quick answer. Thanks in advance Seann
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 08-07-2009, 09:53 PM
FloridaBoy's Avatar
FloridaBoy FloridaBoy is offline
FloridaBoy
 
Join Date: Jun 2009
Age: 41
Posts: 154
Rep Power: 7
FloridaBoy is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
Hey seann,

It is my understanding in your position of the company not owning the truck you will have to pick one of the options that you listed,

* Mileage if i am not mistaken it is 55cents a mile, and that includes truck payment, ins. fuel, etc.

* Other way is done by percentage, portion of truck payment, portion of insurance, portion of fuel, etc.

I am not an accountant, but thats the way it has been explained to me. Hope this helps.
__________________
Welcome Advise, Incourage comments, and never stop Cutting. Geoff<img src="http://www.gopherforum.com/attachment.php?attachmentid=1595&d=1253928284">
Reply With Quote
  #3  
Old 08-07-2009, 09:59 PM
Seann
Guest
 
Posts: n/a
Default

Thanks FloridaBoy! If i sold the truck to my company one would think i could deduct every thing no? Im paying for it anyway already, i might as well get something for it. What do you think?
Reply With Quote
  #4  
Old 08-08-2009, 03:40 AM
picframer's Avatar
picframer picframer is offline
Andy
 
Join Date: Jan 2009
Location: Halifax, Nova Scotia
Posts: 2,885
Rep Power: 11
picframer will become famous soon enough
Default

Quote:
Originally Posted by Seann View Post
Thanks FloridaBoy! If i sold the truck to my company one would think i could deduct every thing no? Im paying for it anyway already, i might as well get something for it. What do you think?
Where I live you have two options but both require a log of every mile driven and you have to keep the log for seven years.

If you are a sole prioitor then you can roll any asset into the company at fair market value, you need the original purchase receipt, if you have it you can claim a portion of that tax originally paid back, you depreciate depending on the value of the asset in question, generally from one to five years.

If the truck for example is 100% used for te business and your log supports this, all expenses and maintenance is a 100% write off against revenues.

Once again, this is the rules where I live
__________________
Andy
Halifax, Nova Scotia
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Truck Mileage tiedeman General Business Discussions 3 02-27-2007 08:24 AM
Gas Mileage tiedeman General Talk 2 02-23-2007 11:57 PM
How much does a plow effect your gas mileage Steve Truck, Trailer, and Outdoor Power Equipment Discussion, Repairs. 0 02-08-2007 03:34 PM
MILEAGE TRACKER Gopher Software Support Archived Question & Answers - Read Only 7 03-31-2006 07:06 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Hello from Centreville!
Daveylawns
Yesterday 09:04 AM
Today 04:08 PM
by Steve
1 32
Laying new grass, Sod...
WarriorLandscapingCAN
Yesterday 10:07 AM
Yesterday 08:41 PM
by Steve
1 29
I need some aeration...
rootytalbot
08-14-2015 12:32 PM
Yesterday 09:06 AM
by Daveylawns
10 3,732
To mow weekly or Biweekly
WarriorLandscapingCAN
05-11-2016 04:09 PM
05-22-2016 11:45 AM
by jrs.landscaping
8 241
Prolin
rmccutchan
05-21-2016 04:53 PM
05-21-2016 06:36 PM
by rmccutchan
2 48
Upgraded to a new mower
Stevenor92
05-17-2016 08:17 PM
05-20-2016 07:08 PM
by Stevenor92
8 162
Intro
LaraRahmani
05-18-2016 02:54 PM
05-19-2016 02:43 PM
by Steve
2 86
Best Push Mower You Have...
markty
05-14-2016 03:46 PM
05-18-2016 07:34 PM
by Stevenor92
4 154
New mower!!!!
Stevenor92
05-18-2016 03:46 AM
05-18-2016 06:39 PM
by Stevenor92
2 87
Say Hello !!!
Steve
03-19-2007 11:18 AM
05-18-2016 02:59 PM
by LaraRahmani
1,249 434,414
Stupid idea?
hopolb33
05-13-2016 11:25 AM
05-16-2016 11:22 AM
by Steve
1 123
Planting SKYBOUND CEDARS
FrankieeLawnz
05-13-2016 03:59 PM
05-16-2016 11:21 AM
by Steve
1 111
Edging Fad...
Tree geek
05-10-2016 11:29 PM
05-15-2016 11:12 PM
by Tree geek
2 159
Business Overload
Chilehead
05-06-2016 09:27 PM
05-13-2016 11:15 AM
by Steve
11 346
Hello from great state...
Cel1980
05-11-2016 09:00 AM
05-13-2016 11:07 AM
by Steve
2 132
Did this job free to...
JJand M Lawncare
05-02-2016 02:33 PM
05-11-2016 03:54 PM
by JJand M Lawncare
10 391
How to tell Cust. to...
GeeGood
04-09-2008 09:55 PM
05-09-2016 07:08 PM
by JJand M Lawncare
16 5,484
Echo SRM 230 trouble.
Jack Rabbit
05-08-2016 06:16 PM
05-08-2016 11:22 PM
by Just for Cuts
1 134
Toro ZTR Issues
rsanchez1203
05-06-2016 09:27 PM
05-07-2016 10:26 AM
by Steve
2 149
Correct way to quote a...
WarriorLandscapingCAN
05-02-2016 11:52 AM
05-03-2016 10:59 AM
by Steve
1 258
Having an issue with...
Mr. Mow
04-27-2016 03:58 PM
04-28-2016 05:04 AM
by Sprinkler Buddy
2 273
Hello From Virginia
JJand M Lawncare
04-25-2016 01:02 PM
04-27-2016 05:20 PM
by Steve
5 310
knowledge is Key
Greg'slawnandlandscape
04-23-2016 02:23 AM
04-25-2016 02:40 PM
by Steve
2 292
Hello from Calgary
Freshcut
04-22-2016 06:10 PM
04-25-2016 02:38 PM
by Steve
1 257
» Popular Tags
advertising become an entrepreneur best mower be your own boss break business education business help business management contractor hacks deck lift dethatcher edging entrepreneur entrepreneur education estimates free lawn care fuel problems fuel pump half moon blade hydro increase customers jjandm lawncare landscape landscape design landscaping landscaping design company landscaping richmond va landscping lawncare lawn mowing lawnservice lowering grade marketing mulch new business planting plowing raising grade residential lawn care richmond va richmond virginia lawn care roundup safety scag snowblower snow plowing snow shovel solo solo backpack sprayer start a business start a lawn care business start business start up swzt toro timecutter tree tree pics tree service video walk behind what to charge work from home
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 05:41 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 05:41 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy