Grossing $33,000 self employed - there won't be much to get.
Saw blades, saws, tools, and so forth can add up. Depends I guess if he has been at this forever, or just building into a handyman business - the startup costs would be more than one grosses for several years, as you lay in the tools needed. Did a concrete machine or bigger saw take a dump on him & had to buy a new one..
In farming it's common to have a catch-all 'supplies' section that can get pretty big. You are saying that would be odd in the contracting business, as one would charge these things to the customer?
One of three things:
1. Not running the business well, not charging enough to cover the overhead of supplies & breakdowns.
2. Tryig to launder a couple grand through the 'supplies' area.
3. Trying to build the business, and buying a lot of needed tools that should last a decade or more. He's 'rapidly' deducting these to keep taxes (and other bills?) lower.
Pick which of the above you like.
I hear enough stories of deadbeat moms or dads or kids that one almost gets immune to wanting to bother take sides any more. Sadly.
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Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
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