Thread: Profit
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Old 23rd November 2005, 01:05 PM   #1
darkstar
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Join Date: Nov 2005
Posts: 1
Default Profit

I run a small tree service and this year it looks like ive made about 40k in profit. This will be the first year i i have turned a profit and i have not paid estimated tax . I have only been in buisness for 3 years . At this point our company needs to purchase another truck . I am wondering how much to spend on the truck and how the purchase could lower this years profit and taxes ill be paying . Last year i made 35000 in purchase ing and i was advised to write it all off at once instead of depreciating it. Any suggestions greatly apprecieated. Thanx Darkstar.

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