10/2009 – Increased Depreciation Benefits to Expire 12/31/09

S.R. Snodgrass, A.C.

Certified Public Accountants
and Consultants

10/2009 – Increased Depreciation Benefits to Expire 12/31/09

By S.R. Snodgrass Tax Group

There are currently two increased tax depreciation benefits that, unless extended, are set to expire after December 31, 2009. Because of this, there may be tax benefits to accelerating certain fixed asset purchases so that the property is placed in service prior to January 1, 2010.

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S.R. Snodgrass, A.C. is an expert auditing and accounting firm offering audit, business consulting, outsourcing/internal audit, tax preparation and planning, and information technology services. Specialties include: preparation of bank, credit union, and other industry accounting/preparation of financial statements; assistance with regulatory compliance; development of strategic planning; guidance with tax decisions; assistance with Sarbanes-Oxley Section 404 implementation and monitoring; and review of general computer controls environment.

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