I am a new diver. I just this year began diving and love it! I have my first Open Water Certification (NAUI) and plan on continuing my education to receive further certification (PADI) for: NITROX, Advanced Open Water, Deep Diver, Drysuit, Emergency Response ... and eventually Divemaster... No I am not only seeking to collect cards, I am a working professional and plan on eventually becomming a instructor. I am not in a rush to become an instructor, I am actually still trying to decide if I want to go professional as a divemaster within the next 2 years or not.
My idea is if I were to establish my own LLC as a professional dive buddy , would I be able to have further dive training written off as expenses? I already know that there are a lot of other expenses that would be tax deductible... I was just wondering if any already established scuba business owners have ever been able to write off any educational training expenses?
This would be an outstanding way to allow myself to slowly mature as a diver, while providing a service to others at a lowered self expense.
All responses are welcome..
P.S.: Of course I will later seek professional CPA advice, but I would like to make more of a educated decision before I pull the trigger and hire a CPA & establish a LLC.
Thanks,
Phil
My idea is if I were to establish my own LLC as a professional dive buddy , would I be able to have further dive training written off as expenses? I already know that there are a lot of other expenses that would be tax deductible... I was just wondering if any already established scuba business owners have ever been able to write off any educational training expenses?
This would be an outstanding way to allow myself to slowly mature as a diver, while providing a service to others at a lowered self expense.
All responses are welcome..
P.S.: Of course I will later seek professional CPA advice, but I would like to make more of a educated decision before I pull the trigger and hire a CPA & establish a LLC.
Thanks,
Phil