Tax Change Benefits Construction Companies, Developers, Commercial Contractors

ROCKVILLE, Md., March 3  /PRNewswire/ -- While many Americans have heard that a new tax change, signed by President Bush, addresses a refund check to taxpayers, what they may not realize is that there is another provision which benefits business owners as well.

For 2008, taxpayers may immediately deduct up to $128,000 of software and other personal property costs in the year of acquisition.  This results in a tax savings of up to $51K from placing software and related consulting into service.

Abba J. Blum, CPA, an Officer in Aronson & Company Real Estate Industry Services Group, commented, "For many businesses, this change will really allow them to reap the money-saving rewards of successful technology implementation. At the same time, the government benefits from stimulating the economy by helping companies grow their taxable business income.  It's a win-win scenario."

This gives many organizations, such as construction companies, developers, commercial contractors and others, a unique, one-time, opportunity to make software investments to streamline their back office.  Many companies are finding that the provision for annual depreciation deductions of the cost of certain property used for the production of income is all the incentive that they need.

These are major tax advantages for small to mid-sized businesses and Aronson Technology Services (ATS), a service group of Rockville, Md.-based Aronson & Company, is offering companies a free evaluation that of their individual business model to see if they qualify to take advantage of these benefits and to demonstrate how technology can help companies further increase their bottom line.

ATS has developed a unique service strategy, bringing together a wide variety of industry-specific products and services that work in tandem to help companies in the construction and real estate industries thrive and succeed. With diverse, in-house expertise, we are able to address all of our clients' needs. We have provided assurance, tax, and consulting services to the construction and real estate industries since our inception and it is with this depth of knowledge that we are able to assist companies throughout all stages of the process.

About Aronson & Company

As the Mid-Atlantic region's premier accounting and consulting firm, Aronson & Company has built a tradition of excellence spanning nearly 50 years. Hundreds of dedicated business experts provide innovative solutions designed specifically for each client. A&C specializes in comprehensive audit, tax and consulting services for clients ranging from individual taxpayers up through publicly traded companies poised for continued success.

A&C's professionals stay ahead of trends to meet and exceed expectations through their unique combination of personal service and innovative expertise. Dedicated to providing a complete financial solution, A&C is more than just a typical accounting firm -- we are a trusted advisor to our clients.

In 2007, A&C was named one of the Metro area's "Best Places to Work" by the Washington Business Journal. A&C is proud to be recognized as one of the "top 50 accounting firms in the nation" by publications that include Public Accounting Report, Accounting Today, and INSIDE Public Accounting, who also has ranked A&C on their elite "Best of the Best" list for three years running. A&C is also ranked as a top 10 accounting and consulting firm by the Washington Business Journal.

For more information about Aronson & Company, please visit http://www.aronsoncompany.com/. 

Aronson & Company