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Limited Time Tax Planning Opportunities for Small Businesses in 2011 and 2012

This client alert discusses opportunities for small businesses to benefit from a limited-time increase in the maximum deduction for the cost of new business equipment, machinery and vehicles purchased during 2011.  All businesses can take advantage of accelerated rules for depreciation in place for 2011 and 2012.  Small businesses may also obtain tax credits for offering health insurance to their employees.