Ready To Make The Switch To Your Local IT Experts? Call (419) 872-9119

Small businesses will get a helping hand with some key expenses under President Obama’s $787 billion stimulus plan, signed into law on February 17. Around $282 billion of the bill is devoted to tax cuts, including breaks for small businesses. Some of the highlights include:

  • Small businesses will be able to more quickly deduct the cost of investments in plants and equipment from their taxable income.
  • Small businesses will be allowed to recover alternative minimum tax (AMT) and research and development (R&D) credits faster.
  • Small businesses will be allowed to write off up to $250,000 of capital expenditures in the year of acquisition.

As a result, 2009 might be a good time to consider upgrading your technology. Your financial advisor can help you determine if any of these tax cuts apply to you.

More information;

A Breakdown of the stimulus package:
http://online.wsj.com/public/resources/documents/STIMULUS_FINAL_0217.html

Small Business Association information on stimulus bill:
http://www.sba.gov/recovery/index.html

Regularly updated stimulus page at Wall Street Journal
http://online.wsj.com/public/page/stimulus-package.html

Published with permission from TechAdvisory.org. Source.

Published on 22nd June 2009 by Jeanne DeWitt.

Business_years

Not All

IT Companies

are the Same.

Get 30 Years of Expertise Immediately.

Fill in the form below and we will get to work right away.

CPU respects your privacy. We will never sell, rent or share to ANYONE. You can trust us.