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NEWS FROM THE POND

NEWS FROM THE POND

2014 - The Year To Buy Equipment

July 17th, 2014

The U.S. House of Representatives approved a bill that would make permanent the 50% bonus depreciation we enjoyed in 2013

The Senate approved a bill on April 3rd that would extend nearly all of the tax provisions that expired at the end of 2013 for two years and those that expire at the end of 2014 for one year, making all tax provisions expire at the end of 2015. That bill also includes the 50% Bonus Depreciation.

Bonus Depreciation allows companies to
write-off an additional 50% of the value of
the investment - LET US DO THE MATH FOR YOU !

Equipment Cost  $100,000
Bonus Depreciation    50%
Remaining taxable balance $ 50,000
1st year Depreciation Expense  
(7 year life) X14.29%  $ 7,145
Total Depreciation: $ 57,145



If you have any question, give us a call!



For more information on the proposed bill visit:
http://daily.financialexecutives.org/house-passes-bill-make-bonus-depreciation-permanent/

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