The September 2010 Small Business Jobs Act was passed in an effort to encourage business investment. One provision of the Act was the extension of 50% first-year bonus depreciation. Bonus depreciation allows a 50% first year write-off on most new tangible property. This deduction expires at the end of 2010 so make s...ure to consider bonus depreciation in your year-end tax planning.
Posted by Lisa DeVaughn Foley, CPA
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Baldwin CPAs, PLLC provides accounting and tax services to foreign corporations and individuals doing business within the United States as well as companies and individuals with activities abroad in countries such as of Japan, Canada, France, China, United Kingdom, Germany, and Mexico.
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