Hello All,
I've been a contractor for 25 years now in the oil & gas industry. Recently I turned my hobby of building chronographs into a new sideline and set up a seperate company so that I can do it all properly.
The chronograph I build and sell is called the OFFSHORE Professional Field Engineer. It's the result of many years tinkering and breaking watches in my day job to finally come up with a fully engineered chronograph that actually stands up to the daily treatment I give it. Because of this I consider it as a suitable timekeeping tool for my trade.
The question I have is would it be an acceptable expense for other Engineers? By which I mean, if another contractor buys one can he set it off as a legitimate business expense?
I've been a contractor for 25 years now in the oil & gas industry. Recently I turned my hobby of building chronographs into a new sideline and set up a seperate company so that I can do it all properly.
The chronograph I build and sell is called the OFFSHORE Professional Field Engineer. It's the result of many years tinkering and breaking watches in my day job to finally come up with a fully engineered chronograph that actually stands up to the daily treatment I give it. Because of this I consider it as a suitable timekeeping tool for my trade.
The question I have is would it be an acceptable expense for other Engineers? By which I mean, if another contractor buys one can he set it off as a legitimate business expense?
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