Section 179 Tax Deduction
11/23/2010 9:04:24 AM
Frontpoint wants its clients to increase their bottom lines. That is why we streamline their IT managed services, making them more cost effective and taking the headaches of managing IT infrastructure away.
As 2010 draws to a close, we would like to encourage our current and future customers to make an investment in their businesses by taking advantage of the Section 179 tax deduction, which allows businesses to write off the full purchase price of qualifying equipment (used for business more than 50 percent of the time) financed or purchased in 2010. With this tax deduction, the Federal government is helping the economy move forward by providing businesses with incentives to invest in themselves.
Businesses are used to writing off equipment on their taxes based on that equipment’s depreciation. The Section 179 tax deduction takes it a significant step further, allowing businesses to write off the entire amount they spent on that equipment instead of just depreciation. As with nearly everything, the tax deduction does come with limits. For example, businesses can only write off a total of $500,000 in 2010. Before making a decision, businesses should consult their accountants and/or tax advisers to find out specifics. At Frontpoint, we are IT guys, not accountants, so we will not be giving you any tax advice. We just want to encourage you to strongly consider making an investment in your business that has significant upside.
While we are not tax advisers, we are a cutting edge Utah IT managed services provider. We help businesses simplify their IT, cutting costs and reducing headaches. We would love to help you with your network security, mail servers, online backup, and much more. We look forward to hearing from you and becoming an invaluable IT resource that will help your business run smoothly.