Archive | November 2014

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Section 179 and Buying asset before the end of 2014.

Currently, the Section 179 expense deduction for purchasing assets in 2014 is limited to $25,000. Many small businesses have used the Section 179 deduction to reduce their tax liabilities before the end of the year. Business owners may ask, what should I do if I need to purchase new equipment, buy it now or wait […]