By Lonnie Fritz, Global Market Professional – Caterpillar With a little time left in the year to acquire equipment, now is a good time to see how these tax advantages might give you access to machines that can build your 2022 business It’s only December — too early to think about tax season, right? Actually, with just a little time left in the year to acquire equipment, now is a good time to determine whether you can take advantage of Section 179 and bonus depreciation on your 2021 tax return. If you’re not familiar with these terms, here’s a quick primer on these two special deductions that can save you some cash. (This is just a high-level overview; be sure to talk to your tax professional before making any decisions for your business.) READ FULL ARTICLE>>
