The section 179 deduction allows a small business to take a tax deduction for the entire cost of certain property and equipment in the year it buys that property. That produces a larger, more ...

Is your business expecting a very profitable year, knowing you will have a painful income tax debt to pay next April? Do you have plans to purchase some equipment within the next six months? If so, ...

SIGNIFICANT SAVINGS: Under the expansion of Section 179, commercial HVAC contractors operating at a 35 percent tax bracket may immediately save approximately $70,000 in taxes on a $200,000 HVACR ...

Buying equipment for your lawn business is different from buying supplies like fertilizer and fuel. Whereas supplies have a short-term life and are treated as expenses, the equipment you buy should ...

I am 58yrs of age and receive $8660 for disability from my former employer, and receive a 1099R which I enter that amount on line 7 of Form 1040. I have rental income profit of $4069 and enter on line ...

As we approach the fourth quarter of the year, you can feel it in the air. And I’m not talking about the cool crispness or pumpkin spice everything. Nope, I’m talking about what savvy business owners ...

For many companies, purchasing equipment in December is a yearly event. This is due to construction companies trying to reduce their tax burden by making equipment purchases they can write off using ...

Today’s economy is creating challenges for many small businesses. Many things seem to be changing quickly. But one important thing has not changed: Section 179 of the IRS Tax Code. When small ...

DEPRECIATION OF LUXURY CARS requires careful analysis due to recent tax law changes. OPTIMIZATION OF LUXURY-VEHICLE DEPRECIATION demands thoughtful analysis of the IRC section 179 expense allowance, ...

Few seasons pressure businesses quite like the end of the year. It's a time when many companies make a final push to meet annual goals and it's often filled with customer interactions and new work. On ...

The Section 179 deduction, which allows small businesses to deduct up front rather than depreciate over time the cost of certain kinds of equipment, has nearly doubled for 2008, rising to $250,000 ...