Ascap & Bmi

[George]

You're right on Gotrich.

A spot where a lot of the kj's drop the ball is in the area of business expense tax deductions. They use the pc for everything else in the world, but claim 100% deduction on it. You're only allowed to expense or depreciate an item used in business to the extent of the percentage of time that item is used for business.

So the guy that does two four hour shows a week and spends fourty hours a week playing games, surfing, and a host of other non-business related activities should legally expense or depreciate only 20% of the cost of the pc or any replacement hardware.

The spooky part of this is that they are subject to an audit at any time, and are exposed to getting caught.

Much better to have a show dedicated pc that is used for nothing else and has no show related software on it,and gets used for nothing else.

Another benefit of that would be a much cleaner, trouble free running show pc.

George

[George]

Originally Posted by George

Much better to have a show dedicated pc that is used for nothing else and has no show related software on it,and gets used for nothing else.

...has no non show related.....

That's what I meant to say

George

[gotrich]

That I do! I have everything singled out. Each guy has their own set of equiptment too!

I am tring to be the biggest, and best DJ/KJ in NW Indiana..I am just now getting my socks off befor ei jump in the pool! LOL

But my first thing was what is legal and what is not. That is why I called BMI ASCAP, And the RIAA many times before I get going!

I even had to call excise becasue one of my DJ's is under 18!