Latest / The (Not Boring) Boring Small Business Bookkeeping and Accounting Podcast
Business Equipment: Section 179, Depreciation or a DeMinimus Expense. S9E2
That desk, laptop, or company vehicle might affect your taxes more than you think. Get clear on how these items should be handled in your bookkeeping.
Many business owners buy equipment without knowing whether it should be depreciated over time, written off with Section 179, or treated as a smaller expense under de minimis rules. Those choices can impact taxes, bookkeeping accuracy, and how clearly you understand your business finances. In this episode, our favorite Bookkeeping Mensch, Paul Rosenblum, breaks down these three key concepts in plain English and explains why business owners…
The skinny
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