It’s November already, the air is crisp, fires are burning and businesses are planning their year-end projects. If you are thinking of buying or leasing new equipment, vehicles, and/or software then you owe it to your business to check out this month’s front page newsletter article and visit www.
Success results from a solid strategy. Even the greatest ideas are of little value unless they are backed up by a practical and workable plan of action. The word strategy comes from an ancient Greek term that literally means to be a general, leading troops into battle.
In what has come as a welcome surprise to many business owners, H.R.5279 (The Small Business Jobs and Credit Act of 2010), which was signed into law in late 2010 affected Section 179 in a positive way for this 2013 tax year. The newest changes posted on Section179.org are as follows:
The Section 179 Deduction limit increased to $500,000. The total amount of equipment that can be purchased increased to two million.