As another year draws to a close, we would like to call your attention to tax savings opportunities related to investments in equipment that you may want to take advantage of, or at least consider, prior to the end of 2009.

Last year, as part of The Economic Stimulus Act of 2008, Congress provided for a deduction of 50% of the cost of most tangible personal property, software, and certain leasehold improvements acquired before the end of 2008. As part of The 2009 American Recovery and Reinvestment Act of 2009 (ARRA), this “bonus depreciation” provision was extended through the end of the 2009 calendar year for property placed in service prior to December 31, 2009.

To learn more, click here.

For more information on how to take advantage of software and hardware investments eligible for these credits, please email Bob Kish, Vice President, or call 617.241.1117.