Over the last few years, the Internal Revenue Code has allowed businesses a 50% "bonus" depreciation deduction for new asset purchases. Now it's 100%, thanks to 2010 tax relief laws. The bonus depreciation applies to qualifying assets placed in service from Sept. 8, 2010 through Dec. 31, 2011.
In addition to increasing bonus depreciation to 100%, the tax relief laws increased the Section 179 deduction from $250,000 to $500,000, allowing businesses to write off up to $500,000 in qualified new and used assets (e.g. software, equipment). Note: If the business invests more than $2 million in equipment during the year, the $500,000 deduction is reduced by one dollar for every dollar over $2 million.
This information is based on assumptions that may not apply to your business or to your lease. This is not tax advice. Please see your tax advisor to be certain as to how to apply bonus depreciation and the Section 179 deduction to your specific situation.
Welcome to Carlson Desktop Solutions
Are you a Surveying firm looking for a faster way to do a lot layout, easier COGO or more powerful and reliable Field to Finish? Are you an Engineering firm who wants to finally be able to design and model roads, intersections, cul-de-sacs and do your hydrology calculations from your CAD data? Are you a Construction company looking for a better way to work with CAD files and a faster way to get earthwork and material quantities? If you answered yes to any of these questions we have the software you are looking for! Call or send us an email to set up an on-site or web demonstration or request a 30 day evaluation of one of our products.