News from GFI! Below is an email we received from one of our partners GFI:
“With recent changes to Section 179 of the U.S. Internal Revenue Code, companies that purchase less than $2 million in software and equipment in 2011 qualify to receive a tax deduction.
This year, businesses can:
» Write off the full purchase price of software and equipment purchases totaling less than $500,000
» Receive a substantial deduction on software and equipment purchases totaling more than $500,000
These tax deductions can be taken in full, rather than depreciated over multiple years, which most business owners prefer.”