FYI - Taxing Issues...
(For the USA. Canadian customers - check with your Accountant)
Enhanced Section 179 DeductionThe Section 179 limit has been permanently reinstated
retroactively (for 2015) and at $500,000 with phase out starting at $2,000,000 and it will be indexed for inflation in future years. Most all types of equipment is eligible for Section 179 expensing, including machinery software and computers, trucks and trailers and other tangible goods. |
Bonus Depreciation
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Research and Development CreditDon’t forget the Research and Development (R&D) tax credit. The R&D credit was made permanent and was also expanded. Guidelines – if your operation has less than $50,000,000 in average annual gross receipts, you can now claim the credit against your AMT (alternative minimum tax). If your company has less than $5,000,000 in annual gross receipts, you can take the credit against payroll taxes up to $250,000 per year – if you don’t have income tax liability.
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