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The Online Advisor

February 2008

New Business

Is it time to purchase business equipment?


As 2008 gets underway, you may be analyzing your company's need for new equipment. This may be a good year for business equipment purchases - at least from a tax standpoint.

Your company can elect to expense the cost of qualified business assets first placed in service this year. The expensing limit for 2008 is $128,000, an increase over the 2007 limit of $125,000. Keep in mind that if purchases in 2008 exceed $510,000, the amount that can be immediately expensed is reduced dollar-for-dollar by the excess. Special limits also apply to business vehicles.

There may be more good news on the horizon. The economic stimulus package being considered by Congress includes an increase in the amount of equipment purchases a business can expense this year. Offering a temporary "bonus depreciation" for business equipment purchases is also being considered. Stay tuned as Congress and President Bush hammer out the details of this plan to stimulate the economy.


Before you invest in any business, it's always a good idea to discuss the proposed venture with your advisors. If you would like assistance with evaluating a business opportunity or with legitimate tax planning, please call our office.

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