Now it is time to decide on whether to bring on new equipment to add more capacity or put some of our old equipment out to pasture. Under Section 179, businesses can deduct the entire purchase price of their printing equipment from their gross income. What's more, leasing of printing equipment offers an additional benefit. Section179.org writes, “The obvious advantage to leasing or financing equipment and then taking the Section 179 Deduction is the fact that you can deduct the full amount of the equipment, without paying the full amount this year. The amount you save in taxes can actually exceed the payments, making this a very bottom-line friendly deduction."
"Many businesses don’t realize that they can actually make a profit off of Section 179,
The 'Small Business Jobs and Credit Act of 2010' increases the amount a taxpayer can write-off up to $500,000 in equipment purchases and you can still get a benefit with writing off up to 50% first year depreciation if you are over. This is a way to use your money effectively to give yourself your own stimulus package.
 |
| KIP 700 |
 |
| KIP 7100 |
Go here to select your New KIP! – http://www.kip.com/
No comments:
Post a Comment