The recently enacted “Small Business Jobs Act” includes a wide-ranging assortment of tax breaks and incentives for businesses. Of particular significance are the provisions related to more favorable expensing and deprecation of capital expenditures:
- The bill increases to $500,000 the amount businesses can write off for capital purchases
- The bill provides an extension of 50% bonus depreciation which accelerates the rate at which businesses can deduct capital expenditures.
The impact of this to business owners contemplating an ERP software purchase like Microsoft
The timing is right to consider switching to Dynamics GP 2010. The Knaster Technology Group can help you assess if this award-winning solution is an appropriate fit for your business needs.
By: The Knaster Technology Group,