Why does nothing ever work right?
Cargo Master
Joined: Apr 2001
Posts: 2,364
Likes: 3
From: Eustis FL
I've seen lots of that...
Having been a contractor in Calgary for 6 years, I saw a lot of people driving the new trucks, looking all fancy and shiny... I drove my '76 with pride, and got a lot of comments from clients. When you keep up an older classic and use it for work, it shows people you know how to save money and take care of your things. They can appreciate that, and they won't think you are making too much money off them.
But when you drive a beat up old chebby, it makes you look like you are a fly-by-night, that you spend your money on booze and/or drugs, and that you aren't capable of good work.
Don't pay mind to what the accountant says; You usually claim a net loss in the first year of business anyway, ESPECIALLY when you buy new tools and what-not. You can write off tools, fuel, repairs, percent of your rent or mortgage if you maintain an office in your home, and you name it. Don't let anyone tell you that you SHOULD have a new truck. Who cares if your company pays for it? It will have depreciation. And besides, wouldn't it be better to put money into restoring your baby?
Mark
Having been a contractor in Calgary for 6 years, I saw a lot of people driving the new trucks, looking all fancy and shiny... I drove my '76 with pride, and got a lot of comments from clients. When you keep up an older classic and use it for work, it shows people you know how to save money and take care of your things. They can appreciate that, and they won't think you are making too much money off them.
But when you drive a beat up old chebby, it makes you look like you are a fly-by-night, that you spend your money on booze and/or drugs, and that you aren't capable of good work.
Don't pay mind to what the accountant says; You usually claim a net loss in the first year of business anyway, ESPECIALLY when you buy new tools and what-not. You can write off tools, fuel, repairs, percent of your rent or mortgage if you maintain an office in your home, and you name it. Don't let anyone tell you that you SHOULD have a new truck. Who cares if your company pays for it? It will have depreciation. And besides, wouldn't it be better to put money into restoring your baby?
Mark
More Turbo
Joined: Dec 2002
Posts: 705
Likes: 2
From: Halifax, NS
Well said Mark, I couldn't agree more.
I roll into Kitsilano and Vancouver's west end all the time with my rig, and my only concern is that it be maintained in respectable condition, without leaking on a client's driveway. (I admit I'm still working on that one, but my power assist steering isn't a leak source, so I'm tickled)
Fight the good fight 460. You'll get'er done if any of us do.
I roll into Kitsilano and Vancouver's west end all the time with my rig, and my only concern is that it be maintained in respectable condition, without leaking on a client's driveway. (I admit I'm still working on that one, but my power assist steering isn't a leak source, so I'm tickled)
Fight the good fight 460. You'll get'er done if any of us do.
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