In our last post we talked about Section 179 expensing of fixed asset acquisitions. Another way to accelerate tax deductions for purchases of fixed assets is through additional first-year “bonus” depreciation. The cost of property with a useful … [Read more...]
Sec. 179 Expensing For 2013
Section 179 expensing is an important tax consideration for businesses that are planning on acquiring fixed assets. Generally, the cost of property placed in service in a trade or business can't be deducted in the year it's placed in service if … [Read more...]