HAVE YOU HEARD YET?
There is a temporary increase in the accelerated depreciation threshold to less than $20,000,which means that all small businesses can apply for an immediate tax deduction on any assets they buy costing less than $20,000 (this threshold is currently on $1,000)
This limit applies to each individual asset, so small businesses can apply the $20,000 limit to as many individual items as they wish. This is a huge opportunity for small businesses.