For Small Business Owners:
The 2008 Economic Stimulus Act may just stimulate your decision to place a new vehicle into service before the year is out. The 2008 Economic Stimulus Act increases the limits of a 179 deduction for eligible new truck purchases placed in service by December 31,2008. Which means, you can now receive a $25,000 deduction on any new 2008 or 2009 GMC Acadia, Yukon, Yukon XL, Envoy Denali, Sierra Crew Cab (box length less than 6 feet), Sierra Extended Cab (box length less than 6 feet).
Bonus Depreciation: You may be able to take an additional first year special depreciation allowance on certain eligible purchases. This allowance is an additional deduction of 50% of the property's depreciable basis.
Bonus Depreciation: You may be able to take an additional first year special depreciation allowance on certain eligible purchases. This allowance is an additional deduction of 50% of the property's depreciable basis.
SAVE MONEY: You may benefit from the 2008 Economic Stimulus Act. And of course, add to your business capabilities. Come in before December 31, 2008 and let us help you make it happen. Also be sure to consult your tax professional for details.
* As a service, we are providing this general outline of the tax changes that may benefit you. To find out more about the 2008 Economic Stimulus Act, consult a tax professional or go to http://www.irs.gov/ and enter "2008 Economic Stimulus Act provides Tax Benefits to Business" in the search field.
MORE INFORMATION CALL GREG MONGELLI, Sales Manager at
888-306-1409
