Section 179... one of those rare gifts

General Business

March 31, 2014
by Kimberly Blascoe, CPA

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Kimberly Blascoe Kimberly Blascoe, CPA
Small Business Practice & Business Advisory Services Leader

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Most small businesses would like the ability to expense everything when purchased. Unfortunately, the way tax law is written, that isn’t always an option. Certain things purchased, such as buildings, machinery, vehicles, furniture, and equipment (but not land), are required to be spread over a certain number of years for expensing purposes called depreciation.

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