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<blockquote data-quote="user name" data-source="post: 296869" data-attributes="member: 1719"><p>Supplies vs equipment...</p><p>Supplies are generally considered consumable items and should be used up in a year.</p><p>Equipment is considered more permanent.</p><p>Supplies were duductible, equipment was expensed. </p><p>In 2016, things changed, allowing business expenses up to $2500 to all be deductible in the same year.</p><p></p><p>If youre in a similar situation to me, asking your accountant costs $$ and is an incentive to keep the mouth shut, pay the bills and be angry at the injustices.</p></blockquote><p></p>
[QUOTE="user name, post: 296869, member: 1719"] Supplies vs equipment... Supplies are generally considered consumable items and should be used up in a year. Equipment is considered more permanent. Supplies were duductible, equipment was expensed. In 2016, things changed, allowing business expenses up to $2500 to all be deductible in the same year. If youre in a similar situation to me, asking your accountant costs $$ and is an incentive to keep the mouth shut, pay the bills and be angry at the injustices. [/QUOTE]
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