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End of the Year: 3 Days Left for Small Business to Write off that new Computer, Camera, etc

THE FOLLOWING IS NOT TAX ADVICE; CONSULT YOUR TAX ADVISOR.

It’s the end of the year, and now is the time for small business owners to consider making needed capital expenditures in order to deduct them this year. This is a big benefit versus depreciating assets over 3 or 5 years.

Note that gear has to be put into service by Dec 31, so there really is only a day or two left to act to receive things in time (if shipped).

From Section 179.org (see additional details there):

2015 Deduction Limit = $500,000 — This deduction is good on new and used equipment, as well as off-the-shelf software. This limit is only good for 2015, and the equipment must be financed/purchased and put into service by the end of the day, 12/31/2015.

Suggestions

Lloyd can help via consulting advice in choosing a computer system and peripherals and/or in selecting a professional photographic system: don’t overspend and get just the right gear for your own actual needs. Hours flexible and responsive here at the end of the year.

Photographers might consider items like the following... most links are to recommended models or relevant review/article, etc where it make sense.

Thank you for using the links here when buying.

Computing for photographers/videographers

Photography and videography

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