End of Tax Year Advice | Small Fish Business Coaching

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End of Tax Year Advice

OK, I know we’re not qualified to give tax advice, we are, after all, business coaches and not accountants. But, we’ve been told by people who ought to know, that small businesses can spend money on capital equipment ($6000 or so) and write the whole amount off this year.

This sounds to me like something not very interesting (which is why it took me until a few days before it’s too late to pass it on) but it seems it might actually be worth considering.

Normally, when you buy something the accountants call capital (equipment and cars and suchlike) you have to depreciate them over a number of years. if you buy something this week, you can write the whole thi