CMI Updates due to the Small Business Job Act of 2010
Posted by Kassi Laney on Mon, Nov 08, 2010 @ 12:24 PM
The latest update of CMI fixed assets is now available on the website. The current update, 4.1.92, includes all of the changes that were implemented from the Small Business Jobs Act of 2010.
The tax changes in the Small Business Jobs Act that effect fixed assets and have thus been implemented into CMI's fixed asset program are:
- Enhanced small business expensing (Section 179 expensing).
- Extension of 50% bonus first-year depreciation.
- Increased luxury auto depreciation.
Feel free to contact us if you have any questions on utilizing these changes or if you need any assistance with CMI Fixed Assets in general.
If you would like information on how to download this new version, contact us at 800-678-3658 for instructions.