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Finances Question
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I am putting my business plan together including current financial position and projections. An important part of that is the equipment in use and depreciation. How long would you write it off over ? I’m thinking 4 years but am not sure and wondered what other photographers do.
Hi Pat,
You would be wise to get advice from a professional in this area.
You could also have a chat with Revenue.
It’s an area where it is crucial to get things right.
All the best,
John.
talk to your accountant
get him/her involved in it is the best way
one of the reasons people lease equipment rather than buy, it cos its fully deductable each month, although it doesnt always suit all businesses to do this
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