Take Advantage of Significant Tax Savings by Acting Now
All you have to do:
1. Select your equipment.
2. Issue purchase order.
3. Send first payment before Dec. 31, 2014.
4. Expense total equipment cost in 2014.
If you plan to acquire equipment in 2015, do you know that IRS Tax Code, Section 179, allows you to take the full tax benefit in 2014 and still spread the expense over a multi-year financing term?
Section 179 allows you to deduct the full purchase price (up to $500,000) of assets financed in 2014.
Consider this example:
Equipment Cost: $100,000
Section 179 Expense Deduction: $100,000
Effective Tax Bracket: 35%
Total First Year Section 179 Deduction: $100,000
Tax Savings From Use of Section 179: $35,000
Net Cost After Section 179 Savings $65,000
But hurry – there's only one week left to take advantage of this benefit for 2014 since it ends December 31. Contact us today.
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