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#1
Posted to rec.woodworking
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BookCase Update and HDR Photog
"Swingman" wrote I hate to open another Pandora's box (Festool'ed hell outta the budget last month), and although I've done some beautiful pieces, doing justice to the beauty of the wood for presentation purposes has always been problematic for my limited equipment and skills. Judging from your example, HDR is indeed something to explore in that regard. I really can't advise you in this regard as I am as clueless as you are in this department. And I sypathyze with having to spend big bucks on some tools. I need to do similar things as well for my business, And forgive me for pointing out the obvious. You CAN deduct the cost of a camera since you are definitely using it for business. I know, I know, deductions don't pay the bills. Now if I could just figure out how to do that! ;-) |
#2
Posted to rec.woodworking
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BookCase Update and HDR Photog
On 01/14/2010 06:42 PM, Lee Michaels wrote:
"Swingman" wrote I hate to open another Pandora's box (Festool'ed hell outta the budget last month), and although I've done some beautiful pieces, doing justice to the beauty of the wood for presentation purposes has always been problematic for my limited equipment and skills. Judging from your example, HDR is indeed something to explore in that regard. I really can't advise you in this regard as I am as clueless as you are in this department. And I sypathyze with having to spend big bucks on some tools. I need to do similar things as well for my business, And forgive me for pointing out the obvious. You CAN deduct the cost of a camera since you are definitely using it for business. Check the tax rules, but around here it would need to be pro-rated based on amount of business vs personal use, and it would also need to be depreciated over multiple years. Chris |
#3
Posted to rec.woodworking
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BookCase Update and HDR Photog
"Chris Friesen" wrote Lee Michaels wrote: "Swingman" wrote I hate to open another Pandora's box (Festool'ed hell outta the budget last month), and although I've done some beautiful pieces, doing justice to the beauty of the wood for presentation purposes has always been problematic for my limited equipment and skills. Judging from your example, HDR is indeed something to explore in that regard. I really can't advise you in this regard as I am as clueless as you are in this department. And I sypathyze with having to spend big bucks on some tools. I need to do similar things as well for my business, And forgive me for pointing out the obvious. You CAN deduct the cost of a camera since you are definitely using it for business. Check the tax rules, but around here it would need to be pro-rated based on amount of business vs personal use, and it would also need to be depreciated over multiple years. If it is bought for business use, it can be deducted directly under Section 179. That is in the USA. I don't know what is done elsewhere. Presently we are allowed to deduct up to a little over $100,000 a year. If you do this, you are not allowed to depreciate it. |
#4
Posted to rec.woodworking
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BookCase Update and HDR Photog
On 1/15/2010 12:08 PM, Lee Michaels wrote:
"Chris Friesen" wrote Lee Michaels wrote: "Swingman" wrote I hate to open another Pandora's box (Festool'ed hell outta the budget last month), and although I've done some beautiful pieces, doing justice to the beauty of the wood for presentation purposes has always been problematic for my limited equipment and skills. Judging from your example, HDR is indeed something to explore in that regard. I really can't advise you in this regard as I am as clueless as you are in this department. And I sypathyze with having to spend big bucks on some tools. I need to do similar things as well for my business, And forgive me for pointing out the obvious. You CAN deduct the cost of a camera since you are definitely using it for business. Check the tax rules, but around here it would need to be pro-rated based on amount of business vs personal use, and it would also need to be depreciated over multiple years. If it is bought for business use, it can be deducted directly under Section 179. That is in the USA. I don't know what is done elsewhere. Presently we are allowed to deduct up to a little over $100,000 a year. If you do this, you are not allowed to depreciate it. Can you spell "Festool" and Sec179 in the same breath, you betcha sweet ass! -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) |
#5
Posted to rec.woodworking
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BookCase Update and HDR Photog
On 01/15/2010 12:08 PM, Lee Michaels wrote:
"Chris Friesen" wrote Check the tax rules, but around here it would need to be pro-rated based on amount of business vs personal use, and it would also need to be depreciated over multiple years. If it is bought for business use, it can be deducted directly under Section 179. That is in the USA. I don't know what is done elsewhere. Presently we are allowed to deduct up to a little over $100,000 a year. If you do this, you are not allowed to depreciate it. Interesting. Up here in Canada capital costs (like buying equipment over a certain dollar amount) have to be depreciated over a longer period rather than written off directly. As a financial stimulus there is currently an exception for computer equipment though, but that's a temporary thing. Chris |
#6
Posted to rec.woodworking
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BookCase Update and HDR Photog
On 1/15/2010 12:38 PM, Chris Friesen wrote:
Interesting. Up here in Canada capital costs (like buying equipment over a certain dollar amount) have to be depreciated over a longer period rather than written off directly. As a financial stimulus there is currently an exception for computer equipment though, but that's a temporary thing. http://www.section179.org/section_179_deduction.html Qualifying items: http://www.section179.org/property_t...ction_179.html I expect the Democrat controlled congress may water this down, if they stay in office. Not a political slur/statemtn ... just a political fact of life due to the need for more government revenue wherever you can get it. -- www.e-woodshop.net Last update: 10/22/08 KarlC@ (the obvious) |
#7
Posted to rec.woodworking
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BookCase Update and HDR Photog
"Swingman" wrote http://www.section179.org/section_179_deduction.html Qualifying items: http://www.section179.org/property_t...ction_179.html Thank you sir!! I have the dry, IRS section 179 stuff filed away. And it is written in guv'mint language. This SO much better. I didn't know this was out there. Now I do. It will make it easier to communicate to some tax illiterate folks. Looking it over, I didn't realize that the deduction was greatly increased last year and this year. There is no way they are going to keep those generous deductions inplace. I expect the Democrat controlled congress may water this down, if they stay in office. Not a political slur/statement ... just a political fact of life due to the need for more government revenue wherever you can get it. -- Well, any real reading of the IRS Code will convince you that any business activity is some kinda criminal enterprise. And the Democrats think that way. Like we are getting away with something by investing in equipment to help our business. Their job is exort more money and kill incentives. Ya know, equal mediocrity for all. New equipment creates lots of jobs across the board for everybody. |
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