For those companies that anticipate profitability in 2022 you still have time to take advantage of the 100% bonus depreciation from the IRS. The 100% bonus depreciation expires December 31, 2022 and will be reduced in fiscal years 2023 (80%) and 2024 (60%). Due to the long lead times on CNC machines it is important to do this year end tax planning as early as possible. It is always recommended to consult your CPA or tax advisor on how this can benefit your business.