Don't Leave 6 Figure Tax Deductions on the Table!

The end of the year is almost upon us and that means the countdown has begun to limit your 2011 tax liability. NOW is the time to act if you want to take advantage of what could be the last year of large Section 179 Write Offs

What is Section 179?

The IRS tax code Section 179 allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. In a nutshell�.If you buy a piece of qualifying equipment for your business, you can deduct the full purchase price from your gross income, even if you finance it!

How Much Can I Save?

Obviously, your must ask your accountant for exact details but here is an example:
Equipment Cost: ..............................................................$50,000
First Year Write Off: ..........................................................$50,000
Tax Savings (assumes 35% rate): ...............................$17,500
Cost of Equipment (after tax savings): ........................$32,500

Don't leave this money on the table! If cash flow is tight, we can even set up the financing with $0 or just 1 payment upfront!

Why Now?

The allowed deductions are set to decrease from $500,000 in equipment purchases this year, to $125,000 next year, and to all but disappear in 2013. To put it quite simply, that means a possible loss in savings of over $130,000 if you buy equipment next year instead of now.