End of the year purchases.

[just chippen away]

I do not know about the rest of you, but I buy all the supplies needed before the end of the year to help on expenses. Buying (invoices, B-cards, flyers, and supplies for repairing and restoring also update software) I will also will buy anything needed or wanted if the checkbook can afford it for the business. (injectors, power boxes, step stools, ect.)
My accountant told me to do this and also pay all the bills you can so you do not get hit as hard on the taxes with your profits. This will help in your profit and losses and investments to your business.

You all may have differant thoughts on this, But I have been doing this for yr's.
Just a open minded thought.

[usmc68]

Good post.
I buy paper towels-Bounty, nitrile gloves http://www.Ammex.com, razor blades, drill bits, Glass Plus windshield cleaner(no silicone), and any other supplies I think I might need in quantity, resins as needed, tools as needed.

[ghost rider]

Do a quick profit or loss to see if you had an unusually high profit year. If you did, you can offset some of the profits by buying ahead. Winter is my slow time so I usually buy ahead when business is busier and I have extra money to spend. It's still a write-off no matter what time of year you buy supplies.