Deductions
“I purchased expensive camera equipment for my photography business, do I have to deduct it all at once or can I strategically depreciate it?”
For photography businesses, the treatment of camera equipment often depends on how the gear is used, when it was placed in service, and whether it is treated as a current expense or a capital asset. The decision can also be shaped by the total cost of the equipment, any mixed personal and business use, and the business’s overall tax picture for the year. In many cases, depreciation and other expensing options are considered together so the deduction pattern matches cash flow and recordkeeping goals. Sitting down with a CPA for thirty minutes is usually enough to draw a clean line on this.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I incurred massive personal credit card debt to fund my struggling business, is the crippling interest I pay on those cards tax deductible?”
“Can I deduct my new home office using the actual expense method without immediately triggering a red flag audit from the IRS?”
“I bought a heavy luxury SUV primarily for my real estate business, how does the Section 179 vehicle deduction actually work for passenger vehicles?”
“I use my personal cell phone extensively for my freelance work, what exact percentage of my monthly phone bill is safe to write off?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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