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Post Info TOPIC: Tax Deductible?
JD

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Tax Deductible?


A home inventory for your client is probably not tax deductable. However it could, depending on their insurance company, give them a deduction on their home owners or renters insurance.

A business inventory for your client might be tax deductable as a business expense depending on how they file and other factors related to their business.

The software and other related items are definately tax deductable for you as a business expense of your inventory business.

-- Edited by JD on Wednesday 14th of July 2010 08:45:37 PM

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Good thinking Meg.  I understand any expense a business incures goes against the revenue they generated and in essence they are taxed on the net income at the end of the year.  What have you discovered?

Richard McFadyen

Trusted Inventory

www.trustedinventory.ca

250.981.1204

Prince George, BC

Documented piece of mind

-- Edited by richcorp on Wednesday 14th of July 2010 01:22:50 PM

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I was wondering if the Home Inventory for a customer could possibly be tax deductible? 

I am reading a Marking book, and they say that people tend to go with services that are tax-deductible.  It is just added incentive.

~Meg


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