Tag Archives: stimulus act

Some good news, and a Section 179 reminder

We’ve heard some good economic news lately, like how the GDP fell quite a bit less than expected (which means we’re back on the way up), and the fact that stock market continues to hold its own. This pleases me to read, because like everyone else, I just get sick and tired of dire economic news. There is… Read More »

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

There were big changes last week in section 179 of the US Tax code. If you recall, that’s the Hummer tax break that I wrote about here. Essentially, it allows a business to buy equipment and write off the entire amount (up to certain limits.) Well, last week, the Economic Stimulus Act of 2008 went into effect. You… Read More »