1. Given the media intensity given to the Covid 19 (otherwise known as Corona or Wuhan) virus, there seems no reason to have posts on that very specific subject in several forums Accordingly, all of those posts will be moved to "Headlines". All new items on that subject should be posted there as well. This notice will expire on 30 April, or be extended if needed. Thanks, folks.

Year End Reminder

Discussion in 'General Discussion' started by RightHand, Dec 4, 2006.


  1. RightHand

    RightHand Maslow's Contradiction Moderator Founding Member

    For any Schedule C tax filers (business) don't forget that you only have until December 31 to take possession of new capital assets in order to take the deduction for the current tax year. Now is the time to buy the new computer, printer, lathe, truck, etc. Given the choice of investing in your business or sending the money to the government, always invest in yourself. To qualify for the deduction, the purchase can be paid in cash/check, credit card, or any other instrument of debt - note, finance agreement, mortgage - in order to quality.

    Also, don't forget to remind your customers of this if you sell goods that can be capitalized.
     
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