On Sunday, March 16th, Peggy will be participating in another tax seminar with Fred Kraft at the Alpaca Institute at Northwest Alpacas in Hillsboro, OR. This session will be the first time she will have an opportunity to present the seminar reflecting the changes brought about by the new tax law President Bush signed on February 13th. As always, the session will also include valuable input for creating a business plan.
The new law includes a large increase in Section 179 limitations starting in 2008 (from $128,000 to $250,000 with a ceiling of $800,000) as well as the return of the 50% Bonus Depreciation deduction. So, even if you have attended a seminar before, contact either Fred or Peggy to reserve a seat as this is a great opportunity to learn how the changes may impact your tax position.