Improve Your Business with the Section 179 Tax Credit!
At WARDJet, we’re interested in the success of your
business, no matter how big or small it may be. There are new tax changes for
2011 that might be just what your business needs. Below, we outline those
changes and what it means for your business.
The passing of the Tax Relief Act of 2011 has provided many
new opportunities for businesses both large and small to improve while
lessening the tax burden for the year. The largest change of this credit is an
increase in the amount that can be deducted on equipment purchased for your
business. The base deduction has been increased from $25,000 to $500,000. In
addition, the total amount of equipment that can be purchased was increased
from $200,000 to $2 million. This new limit applies not only to new and used
capital equipment, but to software as well.
Even more important than these limit increases, is the
increase in Bonus Depreciation. This special depreciation allowance allows you
to claim 100% depreciation on new equipment purchased and put into use in 2011.
In other words, you can deduct the entire cost of any new equipment or software
as long as you have it up and running on your floor by the end of the year.
If you’ve been thinking about getting a waterjet system for
your business or replacing your old system, now is the time. WARDJet is
committed to providing you with everything you need to take advantage of these time-sensitive
credits. While we will do everything we can to help, the sooner you act the
better. Don’t get left out of the credit and miss the chance to improve your
business. Why not beat the end of the year rush and contact us today to begin
designing the best waterjet system to fit your business needs?
-Benjie Massara and the WARDJet Team
Labels: Bonus Depreciation, Improve Your Business, Job Creation Act, Tax Credit, Tax Relief, WARDJet
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