Section 179 – What Are the Real Savings You Ask?

by

November 22, 2013

It’s a dollar-to-dollar savings!  Where else can you get this?

The purpose of tax deductions is to decrease your taxable income, thus reducing the amount of tax you owe to the federal government.

This year only, up until December 31, 2013, you can purchase up to $500,000 of equipment and write it off (deduct it) from your 2013 tax return.

For example,  if you purchase $150,000 of computer equipment and off-the-shelf software, and your company makes $350,000 in 2013, your taxable income will only be $200,000.  That’s an immediate saving of $150,000!

Note: The total amount you can deduct under Section 179 must be less than your income (in this example you can’t purchase over $350,000).

So, in this instance why not purchase $349,000 worth of computer equipment and software?  You should!  You’ll only be taxed on $1.00!  Saving $349,000.  Imaging that!

Better yet, if your business makes $500,000 this year, buy $499,000 worth of equipment.  A $499,000 savings!  “CHACHING!

It’s important to do this now.  The rules for 2014 will change. The $500,000 amount will be drastically reduced to just $25,000!

Call Integris right now and order your technology and software from us.  We know the rules around Section 179 and we will make sure you get everything you need.  Call us at (888) 330-8808 or email us at sales@integrisit.com.

We're Integris. We're always working to empower people through technology.

Keep reading

Cybersecurity: The Operating Expense that Makes You Money

Cybersecurity: The Operating Expense that Makes You Money

When I went to college, I, like many of you, had to lay down a lot of cash for a lot of things. Tuition. Books. A computer. Even those late-night pizzas and ramen noodles. But, in the end, those expenses were worth it, because it established a foundation for me...

Mac Cybersecurity Tips for Business

Mac Cybersecurity Tips for Business

Looking for Mac Security Services for Your Business? Here's What You Need to Know to Outfit and Secure a Mac-Based Office. It happens at nearly every business. You've built your operations around PCs, yet, there's that small contingent of employees who insist they'd...