The De Minimis Safe Harbor rule for fixed assets says that small businesses can expense fixed assets that are purchased for less than $2,500 instead of capitalizing and depreciating.

Halon will create an election on the tax return that allows for this if there is an expense account on the income statement called: SMALL ASSETS.

If you can make sure to expense those assets using this account (if your books don't have an account called "small assets" then make one) then Halon will have you covered on all of the election work.

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