How Equipment Financing Equips Your Business for Success

How Equipment Financing Equips Your Business for Success

What is the section 179 deduction for 2014?

For the upcoming 2014 tax year, Section 179 has been restored to its original limits of $25,000 plus an adjustment for inflation.Congress has all year to make adjustments to this like they did last year.

Section 179 Tax Saving Information

Simplifying Section 179 Tax Saving Information:

seoimage5Section 179 is a unique tax provision that lets businesses deduct the purchase price of equipment & software bought or financed. The Section 179 Deduction for 2013 is $560,000.00

What is Bonus Depreciation?

Bonus Depreciation is useful to businesses spending more than $560,000.00 in 2013; also businesses with a net loss in 2013 qualify to carry-forward the Bonus Depreciation to a future year. The most important difference is Bonus Depreciation covers new equipment & software only. Section 179 is generally taken first, followed by Bonus Depreciation. Business can claim first-year bonus depreciation equal to 50% of the cost of most new (not used) equipment and software placed in service by December 31 of this year. The amount of equipment purchased and or financed cannot exceed $2,000,000 for 2013.

What Happens to Section 179 at the End of 2013?

The current deduction limit of $560,000.00 is scheduled to drop to $25,000 beginning January 1, 2014.

What about Bonus Depreciation?

Bonus depreciation has spiraled downward over the last few years. In 2011, it was 100% and in 2012 it dropped to 50%. It will drop to 0% starting January 1, 2014. The current cap on capital equipment purchases is $2,000,000.00 and will decrease to $200,000.00 in 2014.

*This information does not assume you are eligible to take advantage of the IRS Section 179 depreciation. Please consult your tax advisor or accountant for additional information. This flyer is intended for informational purposes only and not as Tax advice or consultation. Please see www.irs.gov for complete details.

Did you know that Peanut Butter could be very resourceful? So are we!

Did you know that Peanut Butter can do more than just make a great peanut butter and jelly sandwich?  As it turns out, peanut butter has some unusual uses you might not be aware of:

  • Peanut Butter is good at getting gum out of hair
  • Peanut Butter can help get glue & cement from furniture
  • Sticky, gluey hands, rub them with Peanut Butter

As the Mother, this is really useful….

Everything in life should be so handy, don’t you think?  I do!  I’d like to believe that I am handy and resourceful in helping customers find solutions for their financing needs.  Too often, most finance companies, don’t like to get their hands dirty with deals that are not squeaky clean.  Not me, like Peanut Butter, I think my vendors find me a solution driven resource for them.  Why don’t you try me on your next financing situation? I promise you my best and to put my on my creative hat to help you!

We also have the new Section 179 information.  Email me if you’re interested email shari@computerfinancing.com

The Federal Reserve Says……

The Federal Reserve says nearly one-third of banks experienced more demand in the second quarter for commercial and industrial loans from small businesses, while 28% of banks saw higher demand from large and midsize companies. The increase is attributed to investment in equipment, factories or inventory.The Wall Street Journal (tiered subscription model)/Real Time Economics blog (8/5), Reuters (8/5)