The last time I did my own taxes (about 2 years ago), you could take Section 179 expense deduction up to $19,000 in that tax year. This means you don't have to do the depreciation schedule for anything you can expense off. Of course, if you have more than $19K of purchases, you must either hold the extra over until next year, or depreciate the extra. I always chose to expense them off, since depreciation is a pain in the butt, I never had more than $19K to expense off, and 5-year depreciation for computers and software is ridiculous. Maybe that's one reason why there are so many obsolete computer systems - the CFO won't let the IT dept. get rid of anything that still has depreciation remaining.
I remember the year I bought Protel 3.X, I expensed it off that tax year. I will do the same for the 99SE upgrade. "Try to walk, and I'll tax your feet" "Try to design, I'll tax your [CAD] seat..." sung to the tune of "Taxman", with apologies to the Beatles. Hey, too bad there isn't a viable freebie CAD package for Linux. No taxes on free software running on a free OS! I can dream, right? Best regards, Ivan Baggett Bagotronix Inc. website: www.bagotronix.com ----- Original Message ----- From: "Michael Reagan" <[EMAIL PROTECTED]> To: "Protel EDA Forum" <[EMAIL PROTECTED]> Sent: Wednesday, October 31, 2001 4:06 PM Subject: Re: [PEDA] Altium Total Support (ATS) > > > > > Do you do your own taxes? If not, who cares? My accountant wouldn't change > > my bill over a few items like this. It's HIS job to deal with the > > complications, not mine. I just pay him for his services. > > The bottom line is "the bottom line" Are you money ahead in the old system > > or the new? > > You are right who cares who does my taxes, but I care about shelling out > $2000.00 that I otherwise cant write off. The maintenance agreement allows > me ( my business) to write all of it off. My bottom line will be ahead with > the new system, Altium has my support on this one. sign me up > > > Mike Reagan > EDSI > Frederick Md > * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * To post a message: mailto:[EMAIL PROTECTED] * * To leave this list visit: * http://www.techservinc.com/protelusers/leave.html * * Contact the list manager: * mailto:[EMAIL PROTECTED] * * Forum Guidelines Rules: * http://www.techservinc.com/protelusers/forumrules.html * * Browse or Search previous postings: * http://www.mail-archive.com/proteledaforum@techservinc.com * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
