Business Tax Credit for 2010

Leasing/Financing Now Available!

Acquire the technology you need TODAY, pay for it over time, and realize significant tax savings this year!

IRS Section 179 "Accelerated Depreciation"

The accelerated depreciation deduction allowance permitted under IRS Section 179 is now $134,000 for 2010. This means up to $134,000 of technology & software cost can be expensed this year if it is placed into service by December 31, 2010. This results in immediate tax savings for qualifying business entities.*

Immediate Expensing

Section 179 can help reduce your taxes because it allows you to immediately deduct, as an accelerated depreciation expense, up to $134,000 of the cost of qualifying equipment in the year it is acquired. For example, if your business acquired $100,000 of technology, your immediate expense deduction is $100,000 (much higher than standard MACRS guidelines allow for in the first year of depreciation!). Assuming an effective overall tax rate of 35% this results in an immediate tax savings of $35,000.

Let the IRS make your payments for you!

By taking advantage of the Section 179 deduction and realizing the tax savings it allows for, the IRS is effectively making almost a year and a half of your lease payments!* * Please confer with your tax advisor to determine eligibility.