On Friday the President signed H.R. 5771: Tax Increase Prevention Act of 2014 (aka Tax Extenders Act) retroactively expanding the Section 179 deduction limits through 12/31/2014 has been enacted. The bill was passed by the house on December 3 and the Senate did their part on December 16. This is great news for those looking to purchase business equipment.
We have been readying ourselves here at E.I. Medical Imaging for the inevitable rush of year-end purchasing of our portable veterinary ultrasound systems. Every year at this time many companies or veterinarians have to get their purchases accomplished and their books cleared of monies slated for equipment. They want to get a fresh start on the new year and are busy readying themselves for tax season which is always a joy to prepare for as Spring arrives.