Small Business Depreciation and Section 179 Expense

Small Business Depreciation and Section 179 Expense
(NOTE: This is a continuation of a case study looking into tax implications of starting up a small business. This particular article deals with tax deductions for small business. Click here to go back to the start of the case study.) Amy, in getting her business moving along, decided to pick up a new tablet to show off all ...

C. Johnson’s Drag Race

C. Johnson’s Drag Race
Most things aren’t deductible, and I think that’s pretty well understood by 90% of Americans. As much as I’d like to reduce my taxable income by the video games I purchase, or the model railroads I create, or on my personal aerial drones, I can’t. Unless, of course, they’re for my business, then I can ...