Now is Even a Better Time to Own Alpacas for their Significant Tax Advantages

//Now is Even a Better Time to Own Alpacas for their Significant Tax Advantages

Now is Even a Better Time to Own Alpacas for their Significant Tax Advantages

Important Tax Updates for 2011

These tax benefits should mean a substantial boost to your bottom line this year!
Information taken directly from http://www.section179.org

Section 179 now allows businesses to write off up to $500,000 of qualified capital expenditures subject to a dollar for dollar phase out once these expenditures exceed 2 Million. These Section 179 tax advantage increases are due to the Jobs Act of 2010.

The Tax Relief Act of 2010 also allows Bonus Depreciation to be increased to 100% which allows businesses that exceed the 2 Million cap to write off 100% of qualified assets using first year Bonus Depreciation.

What is also most significant is that small businesses which were not profitable in 2011 can use 100% Bonus Depreciation (especially on new equipment) and carry forward the loss to future, profitable years!  Act now to take advantage of this. Use the negative economy of the last two years to your financial benefit!

Please talk to your own tax professional to make the most of your tax advantages with alpacas!

By |2016-12-01T16:50:43+00:00June 1st, 2011|Uncategorized|0 Comments