Great article written by an expert on small
business year end tax deductions. Note that section 8 discusses how to
handle business equipment deductions (like the cost of cash register or
point of sale equipment): http://www.nolo.com/legal-encyclopedia/top-tax-deductions-small-business-30176-2.html
Keep
in mind payment for equipment purchases has to be made in 2012. I can think of many New Years Eves when a retail store, bar or restaurant would call me or stop by our office to pre-pay for a point of sale system. They needed to maximize their business equipment tax deduction and point of sale equipment makes for a great business equipment investment.
Section 10 of the article also talks specifically about to depreciate small business software expenses.
Offering point of sale general advice, consulting, and sales/service to independent retailers and food service businesses with between 1 and 50 store locations in the United States. Special focus on Pet Stores, Hobby Stores, Goodwill and Similar Thrift Stores, Book Stores, Gift Shops, Cannabis Retailers, Nursery and Garden Centers, Museums, Gift Shops, restaurants, and bars as well as Beer, Wine and Liquor Stores.
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