finance's tag archives

Economic Stimulus Act Provides Tax Benefits to Businesses

Back on November 24, 2008 we blogged about Section 179 and the tax advantages available to businesses. These same advantages are still available for 2009! From section170.org: When your business buys certain pieces of equipment, it typically gets to write them off a little at a time through depreciation. In other words, if your company spends $50,000 on a vehicle, it gets to write off (say) $10,000 a year for five years (these numbers are only meant to give you an example.) Now, while it'...