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, 10:40 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, 10:53 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, 10:59 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, 04:40 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 09:24 AM
Gas Mileage tiedeman General Talk 2 02-24-2007 12:57 AM
How much does a plow effect your gas mileage Steve Truck, Trailer, and Outdoor Power Equipment Discussion, Repairs. 0 02-08-2007 04:34 PM
MILEAGE TRACKER Gopher Software Support Archived Question & Answers - Read Only 7 03-31-2006 08:06 AM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
hello all
romanlandscape
01-29-2016 03:46 PM
Today 08:22 AM
by romanlandscape
4 111
Hi
Sellers Lawn Care
02-02-2016 01:48 PM
Today 08:03 AM
by Sellers Lawn Care
4 86
Collecting payments from...
Niagara Mowing
02-03-2016 05:21 PM
Today 08:00 AM
by Niagara Mowing
7 128
SMS assist? The good,...
jcurr33
01-27-2016 10:24 PM
Yesterday 11:53 PM
by Steve
5 163
I need some help...
Anise
Yesterday 01:39 PM
Yesterday 11:51 PM
by Steve
3 65
Customers dodging the...
Rocky
11-06-2015 06:22 AM
Yesterday 03:41 AM
by C&DPropertyManagement
7 1,421
Offering a "Trial"...
wybut076
02-01-2016 06:27 PM
02-03-2016 08:26 PM
by Just for Cuts
7 164
Iowa Caucus Predictions?
Steve
02-01-2016 06:31 PM
02-03-2016 12:40 AM
by Steve
1 52
Laying White River Rock
DiamondLawnCare
02-01-2016 08:27 PM
02-03-2016 12:17 AM
by Steve
1 63
back surgery
Bradcook21
01-28-2016 08:51 PM
02-01-2016 06:29 PM
by Steve
8 179
Networking for a...
jcurr33
01-30-2016 09:26 PM
02-01-2016 06:27 PM
by Steve
4 135
Customer giving a 1099?
apmAkron
01-27-2016 07:22 PM
01-31-2016 08:55 PM
by Chilehead
6 186
happy to be here
redrobin
01-29-2016 10:45 AM
01-31-2016 08:44 PM
by Steve
1 88
Thought's on an "E-Z...
jcurr33
01-27-2016 10:48 PM
01-31-2016 08:38 PM
by Steve
4 161
Changes
Knaubone
01-30-2016 10:56 PM
01-31-2016 08:31 PM
by Steve
1 78
Thoughts on this Exmark...
googus
01-28-2016 04:24 PM
01-28-2016 08:09 PM
by Chilehead
1 100
1st year in
jcurr33
10-18-2015 05:07 PM
01-28-2016 07:49 PM
by Chilehead
6 4,083
Need opinion on zero...
Mr. Mow
01-24-2016 05:42 PM
01-28-2016 07:41 PM
by Chilehead
10 282
Opinion on liquid vs...
Bradcook21
01-25-2016 02:03 PM
01-28-2016 07:38 PM
by Chilehead
9 245
Finding property size
Gageslawncare
01-25-2016 11:08 AM
01-28-2016 12:05 PM
by Gageslawncare
10 243
Tiger TG 2661 Commercial...
lawnman1959
01-25-2016 08:12 PM
01-27-2016 07:57 PM
by Just for Cuts
5 184
Spouse as a dependent?
Steve
01-26-2016 01:51 AM
01-27-2016 10:44 AM
by Chilehead
3 156
Hello All
C&DPropertyManagement
01-23-2016 12:21 PM
01-26-2016 01:24 AM
by Steve
1 138
Credit Cards - What's in...
Shark1611
06-16-2015 04:04 PM
01-23-2016 03:43 PM
by C&DPropertyManagement
17 7,598
Start My Own Business?
mowandblow1980
01-12-2016 08:43 PM
01-19-2016 07:00 PM
by Steve
12 552
State of the nation 2016.
Steve
01-12-2016 12:05 AM
01-19-2016 06:57 PM
by Steve
6 324
little help? first big...
Brian3137
12-31-2015 12:39 PM
01-19-2016 06:54 PM
by Steve
23 997
Hi everybody...
Greg_TopYardServices
01-14-2016 08:10 AM
01-19-2016 02:47 PM
by SC93
12 397
What's your next...
Steve
05-15-2015 12:54 PM
01-17-2016 08:48 PM
by Homeland unlimited
25 7,854
Plow controller problems
scaypa
01-12-2016 05:49 PM
01-16-2016 10:46 AM
by scaypa
4 247
Say Hello !!!
Steve
03-19-2007 12:18 PM
01-15-2016 07:23 PM
by tannerduncan
1,244 427,797
Pricing issue
Mr. Mow
07-07-2015 07:15 AM
01-15-2016 11:20 AM
by djlandscaping06
23 5,335
New College Course
Dr. D
01-14-2016 01:45 PM
01-14-2016 05:35 PM
by Steve
1 174
Yelp
Shark1611
01-13-2016 10:00 AM
01-14-2016 05:32 PM
by Steve
4 233
New to the forum from...
Doug Green
01-12-2016 12:23 PM
01-14-2016 08:34 AM
by Doug Green
2 208
Facebook advertising
Just for Cuts
12-13-2015 08:49 AM
01-13-2016 10:20 PM
by Just for Cuts
12 852
Choosing local business
Doug Green
01-12-2016 12:29 PM
01-13-2016 06:12 PM
by Steve
2 369
4 Seasons Landscaping LLC
Doug Green
01-12-2016 12:56 PM
01-12-2016 12:59 PM
by Doug Green
1 232
2016 business goals
OxfordOS
01-09-2016 04:19 PM
01-12-2016 08:36 AM
by mowandblow1980
15 505
Hi to you NOTHERNERS
stevef1201
11-11-2014 05:56 PM
01-08-2016 09:30 PM
by jeramicox76
10 2,734
Amazon services
thom
12-22-2015 08:40 AM
01-07-2016 11:53 AM
by Steve
17 814
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 04:34 PM.


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

All times are GMT -5. The time now is 04:34 PM.

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