Section 179 Tax Incentive affords tax deduction on new and refurbished telecom equipment purchasing and leasing
That’s right, you heard correctly. The Section 179 Tax Deduction is continuing this year and provides a tax incentive to encourage small and medium-sized businesses to purchase and lease telecom equipment prior to the end of 2014. So, you benefit two-fold by lowering your operating costs AND keeping more of your business’ capital.
Overall, taking the Section 179 option is far better of a financial decision than taking a depreciated cost deduction since Section 179 works for most leased or purchased equipment. And since both methods are 100% deductible, the largest difference is in out-of-pocket expense. So, if you purchase, you pay the entire amount for the equipment out-of-pocket, then you simply deduct the purchase price from your taxes. If you lease, you only pay the monthly lease payments out-of-pocket but still get to deduct the full purchase price on your taxes.
Talk with one of our telecom representatives at BrevAll Technologies today to discuss a cost-effective business communications solution like Toshiba’s IPedge or VIPedge IP-based cloud solutions has been on your horizon for some time.
Qualifying telecom and phone system equipment or software purchased or leased during the 2014 tax year must be less than $25,000 for the calendar year. And normally, the equipment and services purchased must be placed into service before the year ends as well.
Don’t let time run out on your business’ option for purchasing quality telecom, improving your business’ communication capabilities AND being able to add profit directly to your bottom line.
Contact BrevAll Technologies today toll-free at 800.838.0911 and talk with a certified Toshiba communication specialist today and take advantage of the Section 179 tax incentive this year.
