Businesses can immediately expense more under
the new law
Experienced Small Business
Accountant - Businesses can immediately expense more under
the new law. A taxpayer may elect to expense the cost of any section 179
property and deduct it in the year the property is placed in service. The new
law increased the maximum deduction from $500,000 to $1 million. It also
increased the phase-out threshold from $2 million to $2.5 million.
If you
would like to discuss how these changes affect your particular situation, and
any planning moves you should consider in light of them, please give me a call.
Very
truly yours,
Amare
Berhie, Senior Accountant
CFO Services http://youtu.be/EYJdQtbPZAI
(651)
300-4777
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