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.

Disclaimer The information provided at web site should not be construed as giving business, legal, or other advice. Information provided on this web site is intended to allow the public and members of NYLVCA access to public and association information. While all attempts are made to provide accurate, current, and reliable information, the NYLVCA recognizes the possibility of human and/or mechanical error. Therefore, the NYLVCA makes no representations as to the accuracy, completeness, currency or suitability of the information provided by this web site, and denies any expressed and implied warranty as to the same.

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