My client runs a corporation out of her home and also uses her garage to do work. She purchased some higher priced items such as lighting, cabinets, power pack, etc to make her garage more functional and had a contractor in to install the lights and cabinets. Should these items be posted as assets and the work as improvements? Or, since it is a home office, do I just track all of these items on a spreadsheet and give to the accountant to allocate?
Thanks for your help.