Put (or keep) some dollars in your pocket this tax year!
There’s still time to purchase the Engrave-A-Crete tools or equipment that will give you the competitive edge you’ve been dreaming of. Simply buy and use them by the end of the year to save big bucks with the tax breaks provided by the Section 179 Tax Deduction.
According to Section 179.org:
“When your business buys certain items of equipment, it typically gets to write them off a little at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are only meant to give you an example.)
“Now while it’s true that this is better than no write-off at all, most business owners would really prefer to WRITE OFF THE ENTIRE EQUIPMENT PURCHASE PRICE FOR THE YEAR THEY BUY IT.
“In fact, if a business could write off the entire amount, they might add more equipment this year instead of waiting over the next few years. That’s the whole purpose behind Section 179 – to motivate the American economy (and your business) to move in a positive direction. For most small businesses, the entire cost can be written off on the 2015 tax return (up to 25,000.)”
CAUTION: To take advantage of the current deduction and any retroactive raise (that Congress may approve,) you must buy the equipment and place it into service by 12/31/2015. Use Form 4562 to claim your deduction.
While we aren’t tax preparers, we do know a good deal for small and medium businesses when we see one.
Talk with your tax preparer now for complete details. Here are a couple of links to help you learn more:
Check out our complete line of decorative concrete tools, products, processes and training at EngraveACrete.com. Or, give us a call at 1-800-884-2114. We have same day shipping.