Wednesday, November 4, 2009
Copier Sales "Increase Year End with Section 179"!
Now is the perfect time for your customers to lease equipment. Congress recently extended the section 179 expensing section included in the American Recovery & Reinvestment Act of 2009. Section 179 allows small businesses to expense up to $250,000!! of the cost of equipment and accelerate the depreciation on the equipment placed in service this year. This effectively allows your customers to acquire your equipment at a significantly lower cost.
Equipment must be placed in service during 2009. $ 1 purchase options qualify for section 179. Below is an example of the financial impact to the customer:
* Equipment sale & lease is for $50,000
* Customers anticipated net income for 2009 is $ 70,000
* Customer makes one lease payment in 2009 for as little as $150 and they can take an immediate deduction of $50,000 using section 179
* Customers taxable income is reduced to $20,000 reducing net taxes due significantly.
Print4Pay Hotel does not offer tax or accounting advice. Your customer should consult their accountant.