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ISSUE 6 - WINTER 2011
Bonus Depreciation for Qualifying Asset Purchases
On December 17, 2010, President Obama signed into law
House Bill H.R. 4853 that could allow businesses to
write off 100% of the cost of qualifying assets,
including software, acquired and placed into service
between September 8, 2010 and December 31, 2011. This
law also allows businesses to write off an additional
50% of the cost of qualifying assets placed into service
between December 31, 2011 and December 31, 2012.
This bill was signed in an attempt to encourage capital
investment through 2012. If you are looking to implement
or upgrade hardware or software in your business now may
be the perfect time to do so. Discuss with your CPA or
tax advisor to see how this may positively impact your
business.
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