Tax question for business expenses

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petersonra

Senior Member
Location
Northern illinois
Occupation
engineer
Mule said:
Thanks alot, I knew someone had the answer.....I avoided using a small business loan, and have been using cash, but it sounds like making payments on these items will stretch out the outlay with the depreciated life and be a better deal for the long run....I will be talking to the accountant for sure....

How you pay for them does not affect the tax treatment.

Often these kind of things can be expensed but it might be more tax friendly to handle them as capital expenditures.

talk to accountant.
 
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