just strum
December 23rd, 2008, 06:58 AM
A little different sales pitch:
Hi Mark,
I hope that you are having a great holiday season. As we approach the
beginning of the New Year, I thought that I would take a moment to remind
you that there may be some tax benefits to making your gear purchases
before the end of the year. Our accounting department found some very
useful information relating to this subject, and I'd like to pass it along
to you. Take a look at the links below.
The first article speaks directly to musicians and briefly explains travel,
meal, vehicle, and equipment expenses (for both gigging and studio
musicians), and whether or not you can deduct them on your taxes.
http://www.artstaxinfo.com/musicians.shtml
The second offers a "nuts and bolts" explanation of Section 179 (first year
depreciation allowance for equipment), and how to take advantage of it.
http://www.section179.org/section_179_deduction.html
This article features a list of common deductible business expenses. It's
pretty helpful if you consider yourself self-employed or own your own
studio.
http://www.musicbizacademy.com/knab/articles/taxtips.htm
Of course, each individual's situation is different, and you should
definitely discuss these issues with your tax adviser. Then give me a call.
I'll be happy to help you with any gear needs you may have.
Sincerely,
Hi Mark,
I hope that you are having a great holiday season. As we approach the
beginning of the New Year, I thought that I would take a moment to remind
you that there may be some tax benefits to making your gear purchases
before the end of the year. Our accounting department found some very
useful information relating to this subject, and I'd like to pass it along
to you. Take a look at the links below.
The first article speaks directly to musicians and briefly explains travel,
meal, vehicle, and equipment expenses (for both gigging and studio
musicians), and whether or not you can deduct them on your taxes.
http://www.artstaxinfo.com/musicians.shtml
The second offers a "nuts and bolts" explanation of Section 179 (first year
depreciation allowance for equipment), and how to take advantage of it.
http://www.section179.org/section_179_deduction.html
This article features a list of common deductible business expenses. It's
pretty helpful if you consider yourself self-employed or own your own
studio.
http://www.musicbizacademy.com/knab/articles/taxtips.htm
Of course, each individual's situation is different, and you should
definitely discuss these issues with your tax adviser. Then give me a call.
I'll be happy to help you with any gear needs you may have.
Sincerely,