Op Ed: Impact de minimis bills could have on MO small business isn’t minimal – The Missouri Times

[ad_1] Thanks to Rep. Jason Smith’s (R-MO) leadership, things are actually looking up for small businesses here in Missouri. Missouri business owners like me are starting to feel confident again…

What is the De Minimis Safe Harbor?

[ad_1] The minimis safe harbor election allows small businesses to deduct expenses that might otherwise need to be capitalized. Think of the amounts paid for things like computers. Under the…