Recent law increased Section 179 deduction
Did you purchase and begin using new or second-hand business equipment during 2014? Thanks to a year-end tax law extension, you can deduct up to $500,000 of your costs on your 2014 federal income tax return. The $2,000,000 overall limit was also reinstated, meaning your deduction is reduced when your annual equipment purchases exceed that amount.
Small Business Accounting Services available
Bank Reconciliation – Protect yourself and your small business. Timely reconciling and objecting to your bank about unauthorized checks. Identify lost checks or deposits. Get a better idea how your business is doing with an accurate financial statement.
Income Statements– Track your revenue and expenses, Identify expenditures, Determine your tax liabilities.
Balance Sheets– Get a snapshot of the financial health of your business.
New business Start-up Consultations
You can benefit from our wide-ranging knowledge and expertise. Contact us today and learn more about our unique capabilities.
Edith Christian CPA
N9 W29360 Thames Road
Waukesha, WI 53188