Established 2007











  New York Low Voltage 
   Contractors Association, Inc. 

Taking a bite out of taxes with Depreciation

Wednesday, January 04, 2012 8:00 PM | Gary J. Schwartz, CPA
Under the rules of the Internal Revenue Service Code "section 179" sole proprietor's,
partnership's or corporation's ( including S and LLC'S ) are allowed to fully expense
tangible property in the year it is purchased. You may also acquire an asset at year end   
and still be entitled to a full deduction as long as your total assets acquired does not exceed
40% of your total purchases in  the last quarter. NYLVCA members read more

This page was last updated on 11/21/2012. And so far HTML Counter have view this page.

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