Instead of depreciating improvements made to nonresidential real property, such as roofs; heating, ventilation, and air-conditioning property; fire protection and alarm systems; and security systems, you may be able to elect to expense the cost. Find details from the IRS here.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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It's important to take care of ourselves and take steps to nourish ourselves--body, mind and soul. We may have to do this in different and creative ways now that many of us are staying at home. It's still important that we take time for ourselves. #selfcare #Health