T Monahan
Supportive Member
Fiscal Cliff deal helps buying equipment again:
"Accountants for small businesses, however, touted components of the deal that will allow some owners to make retroactive expense deductions, encourage the purchase of new equipment and extend some small-business tax credits."
"The fiscal cliff package bumped allowable expensing back to $500,000 in 2013 and 2012, retroactively."
Read more here:
http://www.sacbee.com/2013/01/10/5105049/fiscal-cliff-changes-in-tax-law.html#storylink=cpy
"Accountants for small businesses, however, touted components of the deal that will allow some owners to make retroactive expense deductions, encourage the purchase of new equipment and extend some small-business tax credits."
"The fiscal cliff package bumped allowable expensing back to $500,000 in 2013 and 2012, retroactively."
Read more here:
http://www.sacbee.com/2013/01/10/5105049/fiscal-cliff-changes-in-tax-law.html#storylink=cpy
