Tax deductions can reduce the drilling or equipment operation's tax bill and sharply reduce the out-of-pocket costs for developing and operating any Web site, according to columnist Mark Battersby.
While everyone seems to be developing a presence on the Internet, few drilling contractors or equipment dealers have given any thought to the financial helping hand provided by Uncle Sam in the form of tax breaks. Tax deductions can reduce the drilling or equipment operation's tax bill and sharply reduce the out-of-pocket costs for developing and operating any Web site.
Not too surprisingly, given the complexity of our tax rules, developing and maintaining a Web site involves a variety of costs that should be identified and accounted for separately.