Materiality, 2500 capitalization, and short term debt like affirm

This week we discuss the $2500 capitalization policy for long term assets meaning stuff you buy that needs to be depreciated over a few years. Then we discuss materiality to keep receipts as a business owner.
Advice given in this video is for clients of Cyberspace CPA, PLLC. and material is protected under copywrite laws. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors for how to best plan for your unique situation.