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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…