Monday, December 3, 2012

Point of Sale Equipment and Tax Deductions

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):

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.  

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