Year-End Business Tips

We interuupt your holiday season for this special announcement…

We’re going to have big tax changes NEXT year, and businesses in particular should be a bit better off.  With that in mind, we recommend you spend money before December 31, 2017.  It’s not quite cut and dry, but in general, if you spend the money on your business THIS YEAR, you get the write-off THIS YEAR, when your business taxes are theoretically higher.

You should consider any large purchases of equipment and supplies, pre-payment of insurance, January rent and bills, credit cards, etc.  Don’t buy stuff just for the tax write-offs, but if you’ll be spending the money eventually anyway, it’s better to spend it now.

Now go back to planning your parties!