The New Boss
• Enhanced expensing: Another carryover from the ESA, enhanced expensing is a second option for small businesses trying to recover the costs of capital expenditures, i.e., expenses made that will generate revenue or increase value over time. During the calendar year in which they were purchased, items valued up to $250,000 can be written off as expenses. This is an increase from what was formerly a $128,000 cap. Also, the investment limit for receiving the maximum write-off has been increased from $510,000 to $800,000. These temporary increases now extend to purchases made through 2009.
- People:
- Obama
Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.