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.
-=Good Selling=-
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