Write off up to $105,000 in restaurant equipment purchases!
Wow! Let the government pay for a third of your new equipment purchases this year.
If you buy business equipment and start using it before the end of this year, you can probably deduct the whole purchase price in 2005. No kidding.
Ask your tax advisor about the Jobs and Growth Reconciliation Act's Section 179 accelerated depreciation which allows you to expense the first $105,000 of most new or used business equipment purchases placed in service in 2005.