I plan to start my own business, general contracting, home remodeling, landscaping and it is going to require an investment. I need details on how much i can write off.
That, I'm sure you're well aware, is not something that gets a simple answer. There's a lot involved here when starting such an endeavor as this from scratch. I would suggest you get with a local tax pro as well as some other type of person well versed in what lies before you.
On the tax front only, your first year dealing with it will be far from simple. You've got more than just equipment to deal with here. There's employee's, which means quarterly payroll reporting and issuing W-2's. Then there's sub-contractors which means issuing 1099-MISCs and/or 1099-NECs, vehicle licensing, registration, as well as hiring those with the necessary qualifications to operate some of that heavy equipment. There's possibly retirement plan contributions, unemployment tax (different from income tax) and a whole slew of other things to deal with.
The best first investment you will make, is getting professional help getting things off the ground - not just on the tax front either.
