Buy Needed Equipment Now!
One way to lower taxes on your business income is to take advantage of the IRS "Section 179" expensing election. This special election, increased to $24,000.00 in 2002 and in 2003 will be furthured increased to $25,000.00, allows you to write off the cost of most kinds of depreciable assets all in one year instead of claiming depreciation deductions over a multi-year period.
New or Used Equipment
Virtually all types of capital equipment can qualify including: