Originally Posted by pb4uski
Unless the equipment and car is used exclusively for business then you're going to have to prorate the cost between business and personal (just like any sole proprietor).
But even if you can deduct it all then you're paying 35% corporate tax on that $46,500.
Yea, I think that's where I need to learn more about the businesses, pay or dividend myself enough to live off and keep everything else in the business.
Also, health insurance through the business seems advantageous.
I was hoping someone on the site is doing something somewhat similar.