Benefit from the Small Business Jobs Bill
A bill aimed at making credit more available for small businesses that also includes roughly $12 million in tax breaks has been signed into law. The new tax cuts would let small
businesses write off hundreds of thousands of dollars in equipment purchases while eliminating capital gains taxes for about 1 million companies, and many entrepreneurs would
be allowed to deduct the first $10,000 in startup costs.
The law includes incentives aimed at motivating companies to finance new equipment. Through the new measure,
businesses can now write-off up to $500,000 worth of equipment in 2011.
In addition, businesses can take advantage of bonus depreciation that enables them to front-load that deduction by writing off 50% of capital expenditures for equipment placed into operation in 2011.
To learn more about the equipment financing tax deductions contact us today. A friendly finance manager will help
answer any questions you have. financing options available to your business.
At Direct Capital, we have helped thousands of business owners lease the equipment you need to succeed. Contact us
to speak with a skilled finance manager today!