Congress recently passed the Economic Stimulus Act of 2008 (the "Act") which created specific tax incentives to encourage businesses to increase their investments in new equipment by the end of 2008.  For the most part, these types of incentives are not new (we've seen them before), just newly packaged and potentially with a wider reach and effect.  This article deals with what businesses must do to take advantage of the new law and its benefits.  Click on Full Article to read more.

By Anthony J. Perrotta, CPA