Keeping Up To Date

Do you need to convert, buy, or lease software so your computer recognizes "00" as the year 2000 and not 1900? If you run a business, the Internal Revenue Service will let you deduct most software and consulting expenses incurred beginning in the 1997 tax year for getting PC systems ready for the millennium, says Eileen O'Connor of accounting firm Grant Thornton.

Before it's here, it's on the Bloomberg Terminal.