The American Recovery and Reinvestment Act Tax IncentiveApr 19, 2010
Section 179 is a tax code created to help businesses - By allowing businesses to deduct the full amount of the purchase price of equipment (up to certain limits), Section 179 is a fantastic incentive for businesses to purchase or lease equipment this year.
It pays to take advantage this opportunity when thinking about purchasing new equipment for your company and the savings. By deducting the full cost, you lower the amount you pay for equipment substantially. All you need to do is buy (or lease) the equipment, and use a special IRS form. That's it.
Section 179 can change yearly without notice, so it benefits you to take advantage of this generous tax code while it's available. Section 179 offers small businesses a great opportunity to maximize their purchasing power. In addition, the Economic Stimulus Act of 2008, the Recovery Act of 2009, and the HIRE Act of 2010 have provided the small business owner with generous new (and higher) deduction limits. Most of the equipment your business will purchase or lease qualifies for the deduction, so do your homework and verify that your company is leveraging the Section 179 Deduction this year.
There is simply no better time than now to take advantage of this incentive.
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Media ContactJohn Eklund | 1-704-944-5340
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