In this tough economic climate, we’re all trying to figure out what our next moves should be. For those in a position to buy, the time has never been better. If you have tabled any capital expense projects due to the economy, you’ll want to move forward on them in Q4. Here’s why:

Section 179: The Hummer Deduction

Often called the “SUV Exemption” or “Hummer deduction”, this little chuck of tax code allows business owners to write off 100% of most equipment expenses in the first year it is purchased. While you can buy a new gass-guzzling vehicle with it, there are obviously more practical uses like new office furniture or upgrading computer systems.

Visit http://www.section179.org/ to learn more and also seek the advice of your accountant