Buy Now, Depreciate Now: What Does Section 179 of the Tax Code do for Capital Equipment Purchases in 2010?
Almost every shop owner can recall what he/she paid for a
piece of capital equipment in his/her shop. Smart shop owners
can even tell what year of depreciation a piece of capital
equipment is in, and how much was claimed on the shop’s taxes. But, a recent rewriting of the tax code has changed this practice.
SEMA Urges Senate to Pass Small Business Lending Bill
SEMA urged the United States Senate to pass H.R. 5297, the “Small Business Jobs and Credit Act,” which passed in June and would create a $30 billion fund to provide banks with less than $10 billion in assets access to capital to lend to small businesses.
House Approves Small-Business Lending Bill
The U.S. House of Representatives has passed H.R. 5297, “The Small Business Lending Fund Act of 2010,” by a vote of 241-182.
Independent Shop Owner Worried ‘Right to Repair’ Bill May Raise Repair Costs
Chris Lapierre, owner of Lapierre’s Auto Repair in Attleboro, MA, believes the “Right to Repair” bill is a step in the right direction, but he is concerned that the cost of new software and machines may result in higher repair costs for his customers.
Getting ‘Green:’ Reduce, Reuse, Recycle To Reignite Your Business
By now it’s evident that the whole ‘green’ movement is more than just a fad. In fact, successful businesses everywhere have
adapted their operations to cater to consumers who are looking
for more environmentally friendly products and services.
