The HIRE act of 2010 also extends the $250,000 limit on first-year expensing for purchase of business equipment and machinery in 2010, (Known as Section 179). If the total cost of qualifying purchases in 2010 exceeds $800,000, the $250,000 Section 179 deduction is reduced.
The 50% bonus depreciation in effect in 2009 HAS NOT YET been extended to apply in 2010. The latest news we have received is that it is included in a bill that the Senate is considering, but has not yet passed. We are keeping an eye on the developments and will post new information to our website www.prescottaccountants.com as soon as it is available.
If you have any questions about how to apply this depreciation extension or any other aspect of the 2010 HIRE act, or just need tax planning assistance, please call Schutte & Hilgendorf, CPAs at 928-778-0079. We specialize in accounting, auditing, and tax planning and preparation for individuals and business in the great quad-city area.
The public accounting firm, Schutte & Hilgendorf, announces the addition of Crystal Garcia to their staff. Hired in 2009, Crystal serves our small business and non-profit accounting clients by performing monthly and quarterly bookkeeping functions and preparing payroll and sales tax returns. Crystal has become our Certified QuickBooks Pro-Advisor, having completed 16 hours of intense online QuickBooks training. These skills have already proved invaluable to our many small busienss clients using QuickBooks.
Crystal was born in Big Bear California and moved to Prescott when she was 10 years old and is an alumni of Prescott High School. Crystal received her Associates Degree in Accounting from Yavapai College in December 2009 and aspires to obtain her Bachelor’s degree and sit for the CPA exam as soon as academically possible. Crystal will provide needed support during the busy tax preparation and auditing season starting in February. When not working or doing homework, Crystal likes to hike the outdoors and play softball on a local co-ed team. She is a member of Prescott Young Professionals.
Schutte & Hilgendorf is a full service firm with over 40 years combined experience, specializing in audit, accounting, and taxes for individuals, companies, Non-Profit Entities, and Homeowner’s Associations.
The public accounting firm, Schutte & Hilgendorf, announces the addition of Certified Public Accountant, Adam Rutherford, to the staff. Now at three full time CPA’s, the firm is confident that it has sufficient resources to promptly and professionally serve its many tax and accounting clients during the upcoming 2010 busy tax and auditing season whose numbers have which has grown in the past year.
Adam Rutherford has 5 years of accounting and tax experience with local accounting firms. After graduating from Northern Arizona University in 2005, with a BA in Accountancy, he moved back to Prescott to work at a local accounting firm and received his CPA license in 2008. Hired initially by Schutte & Hilgendorf to help out with the busy tax season of 2009, Adam came on board full time in May 2009 and has been busy ever since working in all areas of tax, auditing, accounting and has become the resident IT go-to guy.
A native of Prescott, Adam is married to wife Mary Ann and now lives in Prescott Valley. He is a member of the Arizona Society of CPAs and the Prescott Young Professionals. Adam enjoys traveling, riding his bike, watching movies, and going to Disneyland as many times as possible each year.
