Every year, I do a wish list around the holidays, and 2021 is no different. Let’s see what I’d like under the tree for this year. A Nice Increase for Section 179 Section 179 was made permanent a few years ago, and it’s received small annual increases since (this year it’s $1,050,000, up 10K from 2020’s $1,040,000). Ok,… Read More »
As I write this, the biggest issue on the minds of businesspeople everywhere is “taxes”. Of course, this argument has been going on for centuries (the USA was founded partly due to unhappiness with taxes), but there is a very valid point here. “Enough with the taxes” say small and mid-sized companies, and they’re right. Businesspeople, especially those… Read More »
This is it. We are into the homestretch for Section 179 for 2019. When the clock strikes midnight on 12/31/2019, that’s it – Section 179 for 2019 is done. Over. Finished. And you don’t want to miss it. Trust me on this – here’s why: The US Government has given small and medium businesses a HUGE gift with… Read More »
Ok, the dust has settled, the holidays are over, and I have some time to discuss Section 179. As I mentioned in a post a few weeks ago, Section 179 got a big boost from the Tax Cuts and Jobs Act. But I felt like I had to write about all of the major business aspects of the… Read More »
Autumn is now in full swing, meaning the year is coming to an end. Have you made your Section 179 plans yet? You definitely should. As you probably know, Section 179 (the “buy equipment and get a sweet tax break” tax deduction) got a nice boost this year. In fact, the maximum deduction this year has been raised… Read More »