So, you’ve probably heard the latest political buzzword making the rounds: a magical $50,000 deduction for small businesses, courtesy of the Harris Administration. Sounds like a gift, right? Hold on to your wallets because there’s more to this story than meets the eye. I’m Donna Bordeaux from Campground Accounting, here to give you the straight scoop on this so-called “boon” for business owners—and why it’s not quite the golden ticket it’s made out to be.
Here’s the pitch: the Harris Administration claims that they’ll help new businesses thrive by letting them deduct up to $50,000 in startup expenses on day one. But what they aren’t telling you is that this isn't free cash. It’s only a faster way to write off expenses you already spent—if you’re willing to lay out that cash up front. And let’s be real, how many new businesses can sink $50,000 before opening their doors? If you’re like most savvy business owners, you’d rather invest wisely and watch every dollar.
Let’s break it down. Currently, new businesses can deduct only up to $5,000 in startup costs up front. After that, the rest of your expenses get stretched out over the first few years—allowing you to slowly absorb that investment without putting your cash flow at risk. This new plan claims to allow a whopping $50,000 deduction, but that’s only if you’re ready to spend $50,000 on day one.
If you’re a campground owner or entrepreneur just starting, spending $50,000 upfront is a tall order. I can count on one hand the businesses I’ve seen throw down that much cash before even getting started. It’s like bringing a fire hose to a candle-lit dinner party—not exactly the support small businesses are looking for.
Here’s the kicker: under this new plan, you’re not getting any free money or magical business boost. You’re simply being given a way to write off more of what you’ve spent (assuming you can even afford to spend that much). Sure, the government’s offering to let you write it off faster, but it’s not as if they’re covering the cost.
As someone who’s seen business plans that actually move the needle, I’m telling you—this is more smoke and mirrors than small business support. Campground owners and small business folks need real solutions, not political sound bites.
Instead of jumping on the $50,000 deduction train, consider strategies that actually make a difference for your bottom line. At Campground Accounting, we’re all about helping business owners like you make smart financial moves that don’t hinge on fancy tax gimmicks. From cash flow to profit-maximizing insights, we work with you to grow a real business that supports you—not one that leaves you watching every dollar fly out the door.
So, before you sign up for a flashy tax break, ask yourself: is this really helping your business? Or is it just another political magic trick? At Campground Accounting, we believe in navigating the choppy waters of business with real strategies and meaningful support. Because at the end of the day, building a sustainable business is about more than fancy deductions—it’s about staying anchored and reaching your full potential.
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Donna Bordeaux, CPA with Campground Accounting
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.