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02-28-2011, 06:15 PM

[email protected] sufenwang@aol.com is offline

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Join Date: Jan 2010

Location: Long Beach, California

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Websit Fixed Asset

Dear TaxGuru,

Website design development over $15k should be booked as fixed asset on Balance Sheet, but my CPA insisted on expense this to professional fees - subcontractor.

Help?! We do not need this extra expense, but would like to keep it on the Balance Sheet as an Asset to help the strength of our BS; but CPA wants to expense it all in one year.

Thank you,
Sufen Wang

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