Economic Stimulus Package Includes Time and Attendance Equipment Investment Incentives
The Economic Stimulus Act passed by Congress in February includes two important provisions that may significantly lower the cost of investing in new equipment for your business. The first provision raises the expensing limit to $250, 000 for companies that purchase less than $800, 000 in capital assets. That is an increase of over $120, 000 from the previous expense limit. The second allows for a 50 percent "bonus" depreciation provision that will benefit businesses of all sizes. To qualify for the accelerated depreciation deduction, several criteria must be met, which can be found in detail at the official website for the House of Representatives. ...
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