Every week I get asked – “When do I get a new machine”
Much to the dismay of the resellers I use, I recommend holding off this year till July 1.
As of July 1, small businesses will be able to instant write-off any computer purchases under $5000.
That means instead of depreciating the purchase down over 3 years as is the norm, you claim the full amount that tax year.
NOTE: A small business has less than 2 million dollars turnover.
On the other hand, buying services like pre-paid support before July 30 means you can claim the full amount in this tax year.
If you would like to purchase pre-paid support that you can use whenever you need, Contact us.
D Revolution is NOT a bookkeeping or accounting firm – if in doubt, ask someone who knows…