Understanding 100% Bonus Depreciation and the Benefits to a Business During the Pandemic

The 2017 Tax Cuts & Jobs Act (TCJA) and 2020 CARES Act allow for a 100% bonus depreciation immediate write off of new and used components with a tax life less than 20 years for assets placed in service between Sept. 28, 2017 and Dec. 31, 2022. Companies can save tens of thousands of dollars, if not more by taking advantage of these programs. Click the link to get the complete story….

https://www.sage.com/en-us/blog/understanding-depreciation-impact-cash-flow/

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About TimeLinx
TimeLinx delivers innovative project & service management software as a complete solution that perfects the sell-track-manage-support-bill cycle that services organizations must have to delight their customers; TimeLinx brings the cycle together in a single application that offers less frustration, better project management, complete reporting, and improved profitability – all specially designed for Infor and Sage.

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