Tag Archives: stimulus act

A Little Good News for Small Businesses in 2009!

Although most small business people are skeptical anyone other than the major banks, automakers, and the lucky few special interest groups will get much benefit from the massive spending proposed in the Economic Stimulus Bill of 2009 – there is at least one very bright spot! Increased Section 179 limits expected to be extended thru 12-31-2009 The increased… Read More »

The Economic Stimulus Act of 2008 and Section 179

Hello, finance enthusiasts! Last week brought about significant changes to Section 179 of the US Tax Code, often referred to as the “Hummer tax break” in our previous discussions. Just to jog your memory, this provision allows businesses to purchase equipment and write off the entire cost, albeit with certain limits in place. Well, the Economic Stimulus Act… Read More »