I have been blogging about small business taxes for a few years now.  My blog was on the Merchant Circle blogging apparatus which can be found at http://www.merchantcircle.com/blogs/Mark.S.Gleason.CPA.Ltd.612-861-4542

I am unhappy with changes recently made by Merchant Circle to their blogging interface and have decided to continue my blog here on Google's blogger.  I hope this works better.

Content for today:

Effective 1/1/2014 only $25,000 of business assets can be expensed under Section 179.  this is down from the $500,000 maximum allowed for 2013. 50% bonus depreciation also ends with 2013.

There is still a good possibility that these expired tax provisions will be revived retroactively. There is lots of talk about tax reform in congress these days.

- Mark S Gleason CPA
  www.lakes-cpa.com