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  1. NickfromWI

    Taking the Loss

    That's exactly it. It was one of those things where there were definitely signs ahead of time...looking back on it now... But you forge ahead hoping for the best. This time, I lost- no matter how I go about it. Even if he pays me in full today I still lose. I've spent hours prepping for the...
  2. NickfromWI

    Taking the Loss

    So by writing it off we're really saying "well at least you don't have to pay taxes on the income!" love nick
  3. NickfromWI

    Taking the Loss

    Not much. I have had 3 customers over the years that never paid 1- we injected some pines for bark beetle back before I really knew much about injecting. We used Mauget capsules and they didn't uptake. I warned the guy it probably wasn't going to uptake. He decided not to pay. $500 2- some...
  4. NickfromWI

    Taking the Loss

    So if you have a customer NOT pay, people will commonly say "at least you can write it off as a loss!" What does that actually mean? In accounting you can put something in as an expense, or as income. There isn't another "loss" category. I've had accountants (plural) tell me that you don't...
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