The ways business owners can become better. Take Advantage of Expiring Tax Deductions Before Year End. Two tax deductions related to the purchase of equipment will expire on December 31, 2013. If you expect to purchase business equipment in the near future, you should consider making the acquisition prior to December 31. If your company does business in New Jersey, it is important to note that New Jersey does not recognize or permit any first year bonus depreciation, and limits the Sec.

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