Did you know that you could deduct the FULL PURCHASE PRICE** of office furniture from your 2011 gross income?
Even better yet... lease or finance your purchase . Your tax savings could exceed your first year's payments!!
Take advantage of Section 179, a tax break where business may write-off capital expenditures up to $500,000. This incentive was created by the US Government to encourage businesses to buy equipment and invest in themselves.
**Qualified equipment purchase up to $500,000 see www.section179.org for more infomation**
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Tax Savings Example
Cost of Equipment: $ 100,000.00
(Dollar for dollar phase out if over $2,000,000)
Section 179 Write-Off Amount: $ 100,000.00
Regular First Year Depreciation Deduction: $ -
Total First Year Deduction: $ 100,000.00
Cash Savings on your Equipment Purchase: $ 35,000.00
(Assuming a 35% Tax Bracket, Depreciation 5 years)
Lowered Cost of Equipment after Tax Savings $ 65,000.00
More About Section 179
Section 179 allows businesses to deduct the full purchase price of qualifying equipment (office furniture, machinery, computer, and other tangible goods) purchased or financed during the tax year.
Visit the following web sites for more info: www.section179.org or www.irs.gov. Always contact your tax advisor for specific information regarding IRS Section 179 and all accounting procedures
Benefits of Leasing/Financing
More
than eighty percent of U.S. companies lease/finance office furniture,
office equipment and technology purchases. Learn more here.
1. Conserve Working Capital
2. Easier Than Bank Loans And Just As Competitive
3. Fixed Low Monthly Payments 4. Flexibility - Full Lease or Lease with $1.00 Purchase 5. Huge Tax Benefits
Hurry...Before Year-End!
Act now...to take advantage of the tax incentives, your business equipment must be ordered by December 31st, 2011 Contact Regalmark today.
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