[Verse 1] Sarah runs a consulting firm, needs a laptop new Three thousand dollars for the gear to help her business grew In the old days she'd depreciate across the years But now there's immediate expensing here [Chorus] One point five million, that's your yearly cap CCPCs can expense it all, no depreciation trap Computers, electronics, furniture too Write it off in year one, that's what you can do Immediate expensing, makes your taxes light Deduct it all at once, get the benefit tonight [Verse 2] Office furniture and equipment, electronics galore If it's eligible property, you can expense much more No more waiting years to claim your full deduction Immediate expensing gives immediate reduction [Chorus] One point five million, that's your yearly cap CCPCs can expense it all, no depreciation trap Computers, electronics, furniture too Write it off in year one, that's what you can do Immediate expensing, makes your taxes light Deduct it all at once, get the benefit tonight [Bridge] Federal government made this rule To help small business be the tool For economic growth and innovation Immediate deduction across the nation [Verse 3] Remember it's for eligible property And CCPCs specifically Up to one point five million per year Makes your tax burden disappear [Chorus] One point five million, that's your yearly cap CCPCs can expense it all, no depreciation trap Computers, electronics, furniture too Write it off in year one, that's what you can do Immediate expensing, makes your taxes light Deduct it all at once, get the benefit tonight [Outro] Year one deduction, that's the way Immediate expensing saves the day
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