Im well into my 2nd year as an O/O and have recently spoke to two local cleaners who are looking forward to their IRS refunds this year.
I mentioned that our 1st year (last year) we did not get a refund, and they were in disbelief, basically saying I need to find a new CPA asap. (Boasting how they get several thousand back each year)
Everything we do is accounted for, gas, chem, parts, uniforms, you name it. We financed and have easily another 4 years of payments on loans for equip, etc. as well.
Any suggestions/examples/experience some of you may have regarding write-offs, deductions, etc.., especially pertaining to getting a refund at the end of the year would be extremely helpful.
I mentioned that our 1st year (last year) we did not get a refund, and they were in disbelief, basically saying I need to find a new CPA asap. (Boasting how they get several thousand back each year)
Everything we do is accounted for, gas, chem, parts, uniforms, you name it. We financed and have easily another 4 years of payments on loans for equip, etc. as well.
Any suggestions/examples/experience some of you may have regarding write-offs, deductions, etc.., especially pertaining to getting a refund at the end of the year would be extremely helpful.