The
Small Business Jobs Act established last month (September 27th, 2010) includes a series of small business provisions, twelve of which can truly benefit companies immediately. With these provisions in mind, we are excited that companies such as yours can Microsoft Dynamics solutions - and gain benefits in both your system processes AND your budgets. Talk about a positive ROI ripe for the picking - now CIOs and CEOs can agree that this is the time to broaden the reach of your ERP and CRM systems and take advantage of the tax breaks.
The Whitehouse blog helps pinpoint how small businesses can take advantage of the changes in the tax laws within this Small Business Jobs Act. Specificially 8 new tax cuts went into effect immediately with another 8 expected to be added soon.
Two of these include the:
- Extension of 50% Bonus Depreciation: providing businesses, large and small, with the ability to make new investments today and know they can receive a tax cut for this year by accelerating the rate at which they deduct capital expenditures.
- Extension and Expansion of Small Businesses' Ability to Immediately Expense Capital Investments: The bill increases for 2010 and 2011 the amount of investments that businesses would be eligible to immediately write off to $500,000, while raising the level of investments at which the write-off phases out to $2 million.
Other changes like:
larger maximum small business loan sizes, new small business loan funds, cell phone deductions without massive paperwork, and
increasing the deduction for start-up expenses may mean that businesses can continue to properly automate their processes and write-off the expenses immediately. We encourage you to talk to you tax advisors for the details - then contact
Collins to see how we can assit you in
making it easier for your users to quickly service your customers, vendors, or partners!
