2011 The Year to Acquire New Equipment or Software
The Section 179 Deduction has been great to businesses for years. But did you also know that when it is combined with equipment financing, it can literally put thousands of dollars in your pocket?
As a result of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act enacted by the federal government in December 2010, the government is encouraging the acquisition of new equipment and software by enabling businesses to simply “expense” capital equipment acquired in 2011.
That’s right-no need to depreciate equipment over time for tax purposes, just write off the cost in 2011!
In addition, the new law includes a 50% bonus depreciation for equipment acquired in 2012 which is also available for companies of all sizes.
Although the Section 179 deduction has been a great benefit for years, these new requirements make 2011 the best year for a profitable company to acquire new equipment and software in order to improve the profitability and efficiency of your business. Now is the time to act-contact Blue Street Capital at 714-316-1180 to learn how to take advantage of this opportunity through the use of an equipment lease.