Masonry Magazine December 2008 Page. 36
FINANCE
AFFORDABLE, DEDUCTIBLE
'YEEPS'
By Mark E. Battersby
Could a year-end equipment purchase help you?
The fourth quarter of the year is when many publicly traded companies prop up their performance records to show more favorable year-end results. The owners and operators of many masonry businesses also "cook the books" for their smaller, more closely held masonry businesses, taking advantage of the tax rules for year-end equipment acquisitions.
Whether you are thinking about tax savings or are merely in the market for new equipment, the end of the year is a good time to consider acquiring that equipment. Most contractors and businesses will benefit from a full year's worth of write-offs with only a month or two of payments, limiting the actual cash outlay for that new equipment while, at the same time, generating significant tax deductions for the 2008 tax year.