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Based on a recent Wall
Street Journal article, companies that purchase
equipment this year can expense 100% of the acquisition cost. While
I am not qualified to provide tax advice (although many of my
colleagues are if you need assistance in that area), this seems
like a great opportunity for companies that finance equipment,
and/or business acquisitions and mergers. The new tax law allows
businesses buying equipment to deduct the entire cost of their
purchases in the first year.
For more on the new tax law, please see the link provided
above.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
