The Technology Insider
     
 
Using Your Year-End Tax Advantage
November 09
 
     
  It’s time to buy!  
 
Many factors go into committing to a purchase. It’s no secret that times are tough… but does this mean we should all buckle down and wait out the storm? Not necessarily. Making smart investments now could ensure your company’s future. Would you like to make an investment for your business, but have been hesitant to purchase? Now is the time. Why? Section 179 of the IRS tax code, also known as the Section 179 Deduction.

What is it? Simply put, it’s an incentive created by the US Government to encourage businesses to buy equipment to invest in themselves. This means that for the year 2009 the Government will allow you to deduct from your tax liability the full purchase price of equipment purchases up to $250,000. It also allows for a first-year 50% bonus depreciation for any over-limit equipment.
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[What this means for you]
If you’re a business owner, taking advantage of this opportunity could save you a lot of money, and empower the future of your venture
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  Even if you don’t own your own business, we urge you to make sure that your company is aware of Section 179. It’s recommended that you speak to your CPA to find out more about what you can qualify for how you can benefit from this temporary tax incentive.

According to CPA William K. Barkhurst: “In its continuing effort to stimulate the economy, Congress is still allowing both bonus depreciation and Section 179 write-offs on the cost of business assets. Don’t miss this double opportunity to upgrade your IT system BEFORE DECEMBER 31ST to write off the entire cost on your 2009 tax return.”

You don’t want to be left out in the rain with equipment that may or may not last another year. Look for good investments that can further the quality and efficiency of your workplace, and whether that means acquiring a faster computer, high-quality copier, upgrading your programs, or any other IT support, Plus I.T. Inc. is here for you. Call today for a free consultation!
 
     
 
Smart Tip #5
USE your tax advantage!
Consult with your CPA regarding year-end write-offs
   
Consider what tools would most benefit your office
 
Utilize your new equipment productively
Get Smart: Ask an IT professional for recommendations
Find out which tools will benefit your company the most, and how they can be used. Call us today for a free consultation!
   
 
 
 

 

 
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