by | Mar 29, 2016 | Equipment Leasing, Section 179
You may have heard about Section 179 of the Internal Revenue Code, an exciting new way to minimize your tax burden. The good news? This part of the tax code was created to benefit small to medium-sized businesses just like yours! We’ve put together highlights of...
by | Mar 7, 2016 | Equipment Leasing, Section 179
It’s rare laws are enacted to help the small business owner, but there’s good news! A law has been created to lower the tax burden on small to medium-sized businesses. This law is designed to help family owned and operated businesses, instead of large...
by David Craig | Nov 22, 2015 | Accounting Rules/Changes, Section 179
As the account year comes to an end, there is a major accounting change coming in 2016, with the FASB’s vote to proceed with its new standard for reporting lease obligations starts the clock ticking. The FASB board voted to proceed with the standard, which will...
by | Oct 12, 2015 | Accounting Rules/Changes, Equipment Leasing, Section 179
I am often asked by clients about Tax Benefits / Section 179 of the U.S. Tax Code for new / used equipment purchases. As businesses look to minimize their tax liability, Section 179 is the best Tax Benefits tool the government has to stimulate small and medium...
by | Dec 31, 2014 | Section 179
Updated Dec 17, 2014 – H.R. 5771 (the Tax Extenders Bill) passed by the House on Dec 3, 2014 was voted on and passed by the Senate on Dec 16, 2014 retroactively expanding the Section 179 deduction limits thru 12/31/2014. IMPORTANT NOTE> Only this 2014 tax...