Michael Lloyd Quoted in CNN.com Article Regarding Tax Incentives for Small Businesses

“Tax-time tips for at-home workers”
CNN.com
03.10.09Mike Lloyd discusses the tax incentives for small businesses to purchase equipment included in the stimulus bill. IRS guidelines generally dictate that businesses must depreciate equipment purchases over the economic life of the property, but the stimulus plan's small-business equipment expensing rules allow a business to immediately write off the cost of equipment -- up to $250,000 in the year of purchase, according to Lloyd. "It's just a way to entice people to go out, buy equipment and make investments," Lloyd said. "Being a small-business owner is tough. There are all kinds of obstacles."
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