During the month of November, a number of accountants will be getting a telephone call or an e-mail from clients all asking the same question. “What is the little-known tax break that makes investing In GPS-tracking technology more affordable than ever?” Be careful what you say if asked because that inquiring client already has the answer.
And why all of the sudden are so many calls being made and e-mails being sent out? Simple: A manufacturer of a particular GPS-tracking system designed for businesses with mobile work forces issued a press release that announces in the title the existence of the tax break. And the release’s subtitle, “Special tax deduction offers fleet owners a unique opportunity to invest in GPS tracking software in 2007,” seems to imply that the purchase must me made before the end of the year to take advantage of the tax break.
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