Quote:
Originally Posted by CuteOldGuy
Even if you are non-average, your compliance costs would dramatically decrease. As far a business taxes go, I don't know what expenses are allowed. But the more expenses allowed, the greater the compliance cost, and greater complexity. This is the weak part of the plan. I will agree on that.
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Why does allowing expenses increase compliance costs? You're still going to keep a set of books so you can effectively manage the business. You want to know where your costs are, what they are, how much they vary from month to month, etc. My might reduce the number of expense accounts, but coding expenses to accounts takes a
de minimus amount of time. And you're still going to have to code them to something.
Depreciation isn't really that complicated. Granted the most complicated asset I've ever had to depcrediate is an airplane, but how fucking hard can it be. Most business (at least by number) will end up 179ing every capital investment anyway with the size of the 179 allowance these days.
