Posted on 11 November 2010.
Posted in 3CX, News, Star2StarComments (0)
Posted on 26 December 2010.
As you know, business asset purchases normally must be depreciated over a period of time. The tax code now allows a business to elect to expense (immediately write-off) the purchase up to $500,000, which yields an immediate tax deduction and large tax savings.
Here’s an example of how a $125,000 purchase breaks down…
Section 179 Write-Off Amount: $125,000
Cash Savings on Purchase: $43,750
(Assuming a 35% Tax Bracket)
Net Cost of Equipment: $81,250
Check with your Accountant on how this tax break affects your business. Then contact Tel-One for help in taking advantage of this opportunity for your business: sales@tel-one,com or (800) 249.1989.
Posted in NewsComments Off
