As the year ends, that is not the only thing that ends – both the fifty percent bonus and Section 179 expense writeoffs also bite the dust unless Congress extends them. See more details in this post in CFO by David M. Katz:

http://ww2.cfo.com/tax/2013/12/buy-equipment-tax-breaks-end-adviser-says/

Now just remember that Congress can extend these provisions up until the end of 2014 (or beyond – remember New Years Day 2013 for the last extender extension.) Now of course no one wants this to go on for the whole year, so I am sure they will not wait this long again and will get it done as soon as politically expedient (I mean convenient, oh, I don’t know what I mean) but if not, there may still be some time to get all this done.

For financial, accounting and tax musings,