There has never been a better time for companies to invest in new business machinery and equipment––or at least not since the last recession! In case you haven’t heard, the Economic Stimulus Act of 2008, which was signed into law just before Valentine’s Day, provides businesses with two tax incentives that add up to $45 billion in tax savings this year.
 
No pain and gain
 
The new law doubles the amount of the Section 179 first-year write-off of property cost, from $125,000 to $250,000, and provides 50% bonus depreciation when purchasing new qualifying property ...