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October 12 , 2011 | Posted by Gwen DiMeo |
Get an Early Start on Planning

As we rapidly approach the end of the year, it is impossible to over emphasize the importance of tax planning.  Taxpayers are always looking for savings opportunities during March and April, but many opportunities for tax reduction rely on planning and strategy throughout the year.  With the year already more than half over, time is…

October 8 , 2011 | Posted by John Eberhart |
Section 179 Strengthened & Expanded

Section 179 provides businesses the ability to expense certain purchases of personal property rather than depreciate them over a number of years. It’s not a new section of the tax code, but Congress gave it some teeth for the next few years. In an attempt to spur business investment and to make this provision…

November 8 , 2010 | Posted by Mike Hawkins |
Tax Relief, Unemployment Insurance Reauthorization & Jobs Creation Act of 2010 Extends Bonus Depreciation

Bonus depreciation is a tool Congress has utilized off and on for the past 10 years as a way to spur short-term investment. The 2010 Tax Relief/Jobs Creation Act extended the bonus depreciation provision which had expired on January 1, 2011. This move provides taxpayers with the ability to take a 100% first-year depreciation deduction…