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Melman on Gold & Silver
April 2010 by Leonard Melman
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The Business of Mines—Consider Your Tax Deductions Now
May 2007
Uncle Sam, the not-so-silent partner of every miner, dredger and prospector is willing, using our tax laws, to help reduce out-of-pocket expenditures necessary to acquire business assets and property. In addition to the well-known depreciation deduction, however, the tax laws permit tax write-offs for other, less tangible business assets. The best time to explore and lock-in many of these overlooked and misunderstood deductions is now, well before the end of the tax year.
Uncle Sam, the not-so-silent partner of every miner, dredger and prospector is willing, using our tax laws, to help reduce out-of-pocket expenditures necessary to acquire business assets and property. In addition to the well-known depreciation deduction, however, the tax laws permit tax write-offs for other, less tangible business assets. The best time to explore and lock-in many of these overlooked and misunderstood deductions is now, well before the end of the tax year.
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One of the most memorable nuggets I found in Australia was detected on the very last day that I was out prospecting. I was going along swinging my coil and I came across a blaring loud signal that almost blew my ears off.
One of the most memorable nuggets I found in Australia was detected on the very last day that I was out prospecting. I was going along swinging my coil and I came across a blaring loud signal that almost blew my ears off.
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Whether to buy or lease is a question facing many small-scale operators and prospectors even as credit becomes more readily available. While there is no one correct answer that fits every mining operation or business, compared to the simplicity of buying, leasing is far more complicated and may be getting more complex.
Whether to buy or lease is a question facing many small-scale operators and prospectors even as credit becomes more readily available. While there is no one correct answer that fits every mining operation or business, compared to the simplicity of buying, leasing is far more complicated and may be getting more complex.
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• How many parts per million make a project viable?
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Every Spanish village seems to hold their pride in one unique area of expertise. Pamplona has its bulls, Barcelona its architecture, and gold panning belongs to Navelgas.
Every Spanish village seems to hold their pride in one unique area of expertise. Pamplona has its bulls, Barcelona its architecture, and gold panning belongs to Navelgas.
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