continued …

“Sidney Kess, a New York tax lawyer and certified public accountant, gave this example: “Say a small business bought $600,000 worth of equipment and placed it in service — it could write off the $250,000, and half the remaining $350,000. That’s a total first-year write-off of $425,000. The remaining $175,000 would have to be depreciated. If it’s seven-year equipment, that would mean writing off $25,000 a year over the next seven years.”

Under the tax code, seven-year equipment includes office furniture and fixtures, safes, refrigerators and dishwashers and certain manufacturing machinery. Depreciation periods can vary, based on the equipment involved. Computers and copiers, for example, are given a five-year depreciation period.”

Of course, you should check with your tax and/or accounting specialist for more complete information on this subject and not rely solely upon news stories. Consider this a hint! Check it out and SAVE!

REMEMBER: This tax-advantage is in place until the end of 2009!