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 Upgrade your infrastructure and
save $$$ on your taxes!
from
bankrate.com
IRS Section
179
Under IRS Section 179, equipment purchases, up to $100,000,
can be expensed (deducted from taxable income) if installed by
December 31st. Finance leases qualify for this deduction in their
year of inception. The 2003 law quadruples the amount of qualified
property that can be expensed under IRS Section 179 from $24,000 to
$100,000 for tax years 2003, 2004, and 2005. Qualifying property now
also includes off-the-shelf computer software. The maximum amount of
asset cost that can be expensed by year is:
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$ 24,000 for 2002 |
| • |
$100,000
for 2003, 2004, and 2005 |
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$ 25,000
for following years |
For
example, if you purchase or lease a piece of equipment for $100,000
and install it in 2003, you are eligible to take a $100,000 tax
deduction in the respective year - even if the term of the lease is
multiple years. Moreover, the tax savings could be used to make some
of the monthly payments, thereby reducing the overall cost of
ownership!
What this means to you; you can upgrade your network
hardware, cabling, and software, bundle it into a lease that covers
installation and training, AND deduct the entire
cost (including interest) THIS YEAR, even though
you are making low monthly payments.
*Contact your tax
advisor for specific information regarding IRS Section 179 and all
accounting procedures. Then contact your account representative so
that we can help you take advantage of the changes in the tax
code.
www.accram.com
(602) 244-0288
or toll free (800) 786-0288
info@accram.com
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Hello ~
| Happy Holidays |
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All of us at ACCRAM would like to
wish you and your families a very special Holiday season.
We thank you for your business and continued support and
hope you have a safe and happy holiday season and prosperous
New Year. |
Bob
Daquilante
President
ACCRAM
Inc. | |
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Accram
Offers Leasing Options
| Why Do Companies Lease? |
| There are many reasons why companies lease their
equipment. Leasing provides flexibility and protection against
technological obsolescence. Leasing allows a company to better
match cash outflow with revenue production through the use of
equipment. Leasing conserves valuable working capital and bank
lines. Most leasing is efficient, convenient, and allows for
100% financing. |
| Top Ten
Reasons Why Companies Lease |
| 1. |
Purchasing Power. Equipment
lease financing allows the lessee to acquire more and/or
higher-end equipment. |
| 2. |
Balance Sheet Management. Certain types of leases
help the lessee better manage the balance sheet and
improve the overall financial picture, by conserving
operating capital and freeing up working capital and
bank credit lines for inventory, expansion and
emergencies. |
| 3. |
100
Percent Financing. With equipment leasing, there is no
down payment. The term of the lease can be matched with
the useful life of the equipment. Soft costs such as
installation and training may also be bundled into the
term of the lease, |
| 4. |
Asset Management. A lease provides the use of
equipment for specific periods of time at fixed
payments. It assumes and manages the risks of equipment
ownership. At the end of the lease, the lessor disposes
of the equipment, or you may opt for a very low buy-out,
or even use the existing equipment as a trade in for
newer technology. |
| 5.
|
Service Additions. Many lessees choose to
structure their leases to include installation,
maintenance and other services, if needed. |
| 6. |
Tax
Treatment. Leasing offers the option of deducting 100
percent of the lease payment as a business expense.
|
| 7. |
Upgraded Technology. Leasing provides companies
with the ability to keep pace with technology. The
lessee can upgrade or add equipment to meet
ever-changing needs. |
| 8. |
Specialized Assistance. Lessors are specialists
in equipment leasing and financing, and understand
capital equipment markets. |
| 9. |
Flexibility. There are a variety of leasing
products available, allowing the lessee to customize a
program to address needs and requirements - cash flow,
budget, transaction structure, cyclical fluctuations,
etc. |
| 10. |
Proven Equipment-Financing Option. Over 30
percent of all capital equipment in the United States is
acquired through leasing. In fact, eight out of 10
companies lease their equipment. |
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Contact your account representative today
to find out what's available for
you! |
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www.accram.com
(602)
244-0288 or toll free (800)
786-0288
info@accram.com | | |
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