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Thread: Company Ski

  1. #1
    BarBayBULL BAR BAY H.O.'s Avatar
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    Company Ski

    Does anyone here have a company ski or know of anyone with a company ski?
    I'd like to know details on how that flys and why your accountant says its legit.

    Thank you


  2. #2
    speedskixp's Avatar
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    Quote Originally Posted by BAR BAY H.O. View Post
    Does anyone here have a company ski or know of anyone with a company ski?
    I'd like to know details on how that flys and why your accountant says its legit.

    Thank you
    That would depend on the type of business you have.

  3. #3
    BarBayBULL BAR BAY H.O.'s Avatar
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    I realize that.
    I'm looking for the types of businesses which qualify.
    My accountant says I have to commence business in the water in order to have a company vessel.

  4. #4
    Quote Originally Posted by BAR BAY H.O. View Post
    I realize that.
    I'm looking for the types of businesses which qualify.
    My accountant says I have to commence business in the water in order to have a company vessel.
    sell fenders, lines, and fire extinguishers for PWC

  5. #5
    The ski's have taken a "backseat" to the Corvette DarthAWM's Avatar
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    Quote Originally Posted by BAR BAY H.O. View Post
    I realize that.
    I'm looking for the types of businesses which qualify.
    My accountant says I have to commence business in the water in order to have a company vessel.
    I would wager that if floating is no required for you to do business(fishing, boating tours, boat rental, water taxi, commercial fishing, transporation, etc) then you might qualify

  6. #6
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    Quote Originally Posted by BAR BAY H.O. View Post
    Does anyone here have a company ski or know of anyone with a company ski?
    I'd like to know details on how that flys and why your accountant says its legit.

    Thank you
    Rental. Rent it to your friends...write it off.

  7. #7
    fabrication guru rapidacceleration's Avatar
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    I know of 2 ski performance shops that "write off" a new ski every 2 years.

    I wrote off my box trailer,generator and AC last years as a busness expense.
    "Needed it to move metal and my welders and be climate controled "
    works great for my 4 wheelers & camping too

    what your writeing off has to be related to what your biz does!

  8. #8
    BarBayBULL BAR BAY H.O.'s Avatar
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    I was initially going to distribute marine supplies but that got shot down.

    Next idea was to do mobile marine advertising. Just like the vans do with the scrolling posters on each side. I was going to offer clients creative customization of pwcs. Basically use vinyl lettering on ski and drive it around to all the party spots and up/down the eastern seaboard promoting businesses through passing out flyers and being a moving billboard.
    I know this old head named "Alfonse". Alfonse is a billboard clown. He puts on funny eye popping outfits and holds a poster on highway with vinyl lettering promoting businesses. He stands out there for hours holding a horn and honking it. This guy is booked solid and makes an amazing living.
    So a mobile marine advertising company would use ski as poster. Instead of holding the poster like Alfonse I would just ride ski all day every where.

    Another idea was to do "EMERGENSKI" which would work like SeaTow or Boat US for pwc and small boats. I dont care for the liability.

    I only do minimal wrenching myself and the last thing I want to do is service. I currently have a service company covering a few different industries and the last thing I want to get involved in is getting into the service end of another industry. Only way I would do it is if I was to become a dealer. I know very little about the business end of the pwc industry and not too excited about getting into another seasonal business dependant upon a strong economy and disposable income.
    I am currently involved in distributing and servicing highend products. The industries I cover are hurting more than most at this time, naturally.

    Pretty soon I am going to be faced with a decision to either get a job working for others or do another business. These days everyone is laying off so my chances of getting hired are slim. I would like to explore my possibilities of starting another business. What I would ultimately like to accomplish is to buy myself a job with the possibility of a company ski.

  9. #9
    fabrication guru rapidacceleration's Avatar
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    you would have to be in biz for at least two years before you could write off anything in that line of work without getting in trouble or raising any flags
    I don't thing you could start a biz and write off a ski in the same year.

  10. #10
    BarBayBULL BAR BAY H.O.'s Avatar
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    Yes you could providing it is used as a vehicle to commence or operate business.

    Any accountants on this board?

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