Do you need the latest iPhone or tablet? Maybe a new laptop or printer is going to be needed next year. Why wait?
If you need better equipment to run your business and you are having a great year you should buy the equipment before year end. The opposite holds true if you are expecting a better year next year. Then you should buy the equipment next year when you maybe in a higher tax bracket.
Please remember too that you can charge the purchase on a credit card and the date of the charge is when you can deduct the purchase. Buy that new iPad by December 31st with your credit card and you can deduct it in 2013 and not have to pay for it until 2014
Please see your tax advisor to determine what is the best tax strategy for you. Or call me and I will be glad to help.
Bill Zumwalt
Helping REALTORS with Tax Solutions and Solving Tax Problems for REALTORS
REALTOR Tax Preparation, REALTOR Tax Accountant, Tax Preparation Tulsa, OK
Accountant Tulsa, OK, CPA Tulsa, OK, Tax Prep Tulsa, OK, Tax Savings Tulsa, OK, Tax Accountant Tulsa, OK
The Tax Coach for REALTORS
William T Zumwalt CPA,CTC, PLLC
5416 South Yale Ave
Suite 120
Tulsa, OK 74135
918-583-1040
855-993-3339
Bill@TeamZumwalt.com
www.TeamZumwalt.com
Comments(0)