news

The IRS Means Business with Section 179December 2011

The end of the 2011 tax year is upon us and tax deductions are on the minds of businesses, big and small. The Section 179 deduction could be the tax savings many are looking for. Section 179 allows a business to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it during the tax year the property was put in to service. Choosing the Section 179 deduction

The end of the year may be the perfect time to invest in new systems and hardware, as you may be able to take the full deduction for purchasing new equipment for your business.

If your business is interested in taking the Section 179 deduction, give us a call today at (915) 217-2500 . The closer we get to the end of 2011, the harder it will be to meet the December 31st deadline.

For more information about Section 179 please visit the IRS website:

http://www.irs.gov/publications/p946/ch02.html

Partners