Greetings!
 As talks are taking place on the Senate floor, Red Moon Solutions is poised to incorporate the proposed temporary tax law changes, regarding asset depreciation, into its Fixed Assets Manager (FAM) product.
Businesses will be affected by two major temporary provisions relating to asset depreciation. First, the Sec 179, annual expensing and investment limitations, will be dramatically increased from their current amounts. Second, all businesses will be entitled to an additional 'Bonus' depreciation amount for most assets acquired after January 1, 2008.
"Our tax analysts and programmers are monitoring the bill's progress and will be ready to act, once it has been passed and signed into law by the President," says Traci Wheeler, Manager of Business Product Development.
For additional information on how these new rules will affect your clients, please call Paul R. Pavich at (941) 379-7103 or email your questions to: paul.pavich@redmoonsolutions.com. |
