Did you know? Section 179 has been increased to $500,000 on the cost of new equipment purchased through 12/31/13?
What is Section 179?
Section 179 is an incentive created by the U.S. Government to encourage businesses to purchase equipment. As of today, 'the Small Business Jobs and Credit Act of 2010' has extended the increased limits through the end of tax year 2013. Unless it is extended, the Section 179 Deduction phases out to an immaterial amount after 2013, only 25,000!!!
*Information courtesy of Summit Commercial Finance.
So if you want to take advantage of the higher limits in the 2013 tax year, you need to act before the end of the year. Hurry, Time is running out! Call (310) 922-8102
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Telephone: (310) 922-8102
We accept trade-ins of used Lab furnishings after evaluationDental Equipment Supplier