Tax extenders bill good for small businesses

The so -called “tax extender bill” for 2015 contains two provisions that are of particular interest to small businesses. Both are welcome developments.:

1. Make permanent the Section 179 election to expense rather than capitalize and depreciate business assets. This is an important tax planning strategy and a useful accounting simplification tool for many businesses.
2. Delay the start of the “Cadillac tax” on health plans by to years. This is welcome but apparently it means that more businesses will be subject to the tax when it is eventually enforced.

We will know shortly if this becomes law.