While office furniture is a necessary business expense, it is also considered an investment in the company. Because it is an asset, office furniture also qualifies for a 100% bonus depreciation write off. Depreciation means significant tax savings, but it is a complicated deduction that should be consulted on with your tax advisor.
Additionally, certain improvements to the interior of your commercial property also qualify for the Section 179 tax code. Interior design like painting the office walls and redoing the floors are also tax-deductible.
The end of year is quickly approaching, but it’s not too late to invest in office improvements and save money on your taxes. Make sure you are getting the most out of your potential tax deductions, don’t let easy money pass you by.
If you are interested in investing in office furniture, please contact us. We’d love to help!
Disclaimer: Please consult your tax advisor for tax advice.
