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Pacioli

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Everything posted by Pacioli

  1. Any recommendations for a hydrometer rack for the 6613 series Novatech? Their rack has 1" holes but the hydrometers are 1.25" in diameter.
  2. Thanks for all the info. How often do the calibrated hydrometers get recertified? I worked with U.L. listed devices a long time ago so I think I'm confusing a lot of the requirements so wanted to clarify here.
  3. Order the wire screens for your pallet racking. It's relatively inexpensive all things considered and eliminates the concern of odd pallet sizes, inexperienced forklift drivers, etc. You can also then use your shelving for non-pallet storage as well.
  4. If you spent money on it, it's an expense. You can't 'write off' more than you paid for it and the IRS could care less if you throw it to a farmer, trash can, or whatever. Cost is cost. And yes, if you sell it, it's income. However, a dollar taxed is still more money than no dollar at all. So for the accountant: Whatever you spend on materials is 'Cost of Goods' and leave it at that. Your accountant could care less how you disposed of it. Tax accountants come in a range of conservative to very aggressive. They are also not there to help you run your business more efficiently, just to minimize (hopefully) your tax burden within the law. If you feel your accountant is too limiting on deductions or can't explain adequately what is and is not permitted you really should seek second opinions. (I may be simplifying here but I'm also an accountant so trying not to be too techincal. Happy to elaborate if anyone wants more details)
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