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Small Businesses: Plan for Lower Section 179 Expense

Small Businesses: Plan for Lower Section 179 Expense Effective in 2014, the amount of capital purchases that can be expensed versus depreciated over time is much lower. Here are some things to consider. Top-line: In 2014, the annual expense limit for Section 179 is now $25,000, down from $500,000 in 2013. You will need to plan accordingly. Background Section 179 of the tax code allows businesses to immediately expense qualified capital …Read More

Business Capital Expensing – Good or bad decision?

The bonus depreciation and Section 179 tax code provisions allow small businesses to expense large capital purchases. Is this better than depreciating the purchase over time? Here are some thoughts on the matter. As a reminder, businesses may accelerate the expensing of qualified capital purchases. This can be done within two special provisions in the tax code. Section 179 The American Taxpayer Relief Act of 2012 extends the annual $500,000 …Read More