It's tough this year without knowing what Congress will decide about taxes, but Kiplinger's offers some advice on business tax purchases. Deduct 50% of the purchase right now instead of depreciating it all over time.
Section 179 Business Tax Deduction can help too. The full price of the financed or leased equipment is eligible within limits. For example, Section 179 on a $17,200 equipment purchase can save $6020.
Equipment for the practice may be in order? Check www.coxtable.com for information on The Cox® Table.
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