OFFICE EXPENSES, DEPRECIATION, OTHER EQUIPMENT/PROPERTY
Office Furniture Tax Deduction
While many modern entrepreneurs operate lean businesses, often times in order to conduct business purchasing items like a computer, telephone, printer and sometimes even office furniture is required. While these items are generally ordinary and necessary business expenses, they also can be considered investments in your business, deductible over many years through depreciation. Depreciation can generate significant tax savings for you but it is a complicated topic so if you purchase office furniture or equipment for your business consult with your tax advisor to determine the appropriate treatment for your specific assets.