Taxing question for business
WASHINGTON — The $450,000 milling machine just bought by Manda Machine in Dallas isn’t only a key piece of equipment for the family-owned manufacturer. It’s also a giant tax headache.
Owner Andy Ellard must consult complicated depreciation schedules to figure out how much he can write off — and when. And uncertainty from the federal government about that multi-year process means he and other businesses often put off big capital purchases longer than they’d like.