Section 179 TAX BENEFITS for 2012
Take advantage of one of this year's greatest TAX BENEFITS
Invest in your business and get rewarded. Here's how...
Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It's an incentive created by the U.S. Government to encourage businesses to buy equipment and invest in themselves.
Section 179 is one of the few incentives contained in any of the recent Stimulus Bills that actually helps small business. Although large businesses also benefit from Section 179 or Bonus Depreciation, the original target of this legislation was much needed tax relief for Small Business - and millions of small businesses are actually taking action and getting real benefit.
Essentially, Section 179 works like this:
When you purchase (for example) $20,000 worth of equipment from Select Business Systems; lets see what happens when section 179 is applied using a 35% tax bracket.*
All you have to do is purchase your new document system or software solution from Select Business Systems and have it installed before December 31, 2012 to qualify.
Visit www.section179.org for full details.
Contact your Account Manager
*Although a 35% bracket is common, not everyone may be able to use it. Consult with your accounting department or tax specialist to determine appropriate deductions. For restrictions, visit, www.irs.gov.