Commentary: Top 10 Tax Benefits for Businesses to Consider Before 2011 Ends
With a presidential election looming in fall 2012, it’s anyone’s guess where taxes will be heading in the coming year. But that doesn’t mean business owners are not without options or opportunities at the end of 2011. Tax experts have identified the following top 10 tax benefits for businesses to consider before 2011 ends.
1. 100% Bonus Depreciation: Qualified investments in new equipment and tangible property before Jan. 1, 2012, may be eligible for temporary 100% bonus depreciation. For qualified property placed in service in 2012, 50% bonus depreciation is scheduled to return for 2012. Unlike Section 179 expensing (see below), bonus depreciation is not capped at a certain dollar level.