Thank you for your message

 

When you purchase office equipment for your business, are you categorizing it correctly? Technically if you purchase any items such as the items below you should be categorizing them as an asset.

office desks

office chairs

computers

printers

fax machines

This allows you to depreciate them and thus deduct them on your business tax return.  The general rule is anything over $100.00 in value should be capitalized as an asset and depreciated. If below $100.00 in value, you should just consider it as an expense.

Copyright © 2018 Pfeiffers Accounting & Consulting LLC. All Rights Reserved.
Joomla! is Free Software released under the GNU General Public License.
Monday the 22nd. Joomla 2.5 templates.