NEED NEW EQUIPMENT IN YOUR OFFICE?

In yet another effort to stimulate the economy, Congress has added a new section to the tax law. Purchase of new business equipment formerly allowed 50% of the cost to be depreciated. Now 100% of the cost can be depreciated for equipment placed in service after September 8, 2010 and before January 1, 2012. Three caveats: the equipment must be new, must be used for business more than 50% of the time, and must have a recovery period of 20 years or less. Check with your accountant.