New equipment = Tax savings

Mike@Sunbritesupply

Mike@Sunbritesupply

Member
Time is Running Out! The Associated Press reported that the Section 179 deduction increases for the 2011 tax year have an expiration date! These tax breaks will shrink dramatically in 2012—which makes 2011 year-end tax planning more important than ever. The deduction limit, increased to $500,000 this year, will fall to $125,000. And it’s expected to drop to $25,000 by 2013!
For 2011, the bonus depreciation allows small businesses to deduct beyond the amount allowed under Section 179—which is 100% with a maximum combined deduction of $2 million. In 2012, the bonus depreciation drops to 50%.

Remember, you need to have your equipment up and running by December 31, 2011 in order to qualify for the current Section 179 deduction. Sun Brite Supply has the equipment you need for your business. Call today and get your new items—before these massive deductions are gone.
 
Good Info Tracy
Tracy said:
Time is Running Out! The Associated Press reported that the Section 179 deduction increases for the 2011 tax year have an expiration date! These tax breaks will shrink dramatically in 2012—which makes 2011 year-end tax planning more important than ever. The deduction limit, increased to $500,000 this year, will fall to $125,000. And it’s expected to drop to $25,000 by 2013!
For 2011, the bonus depreciation allows small businesses to deduct beyond the amount allowed under Section 179—which is 100% with a maximum combined deduction of $2 million. In 2012, the bonus depreciation drops to 50%.

Remember, you need to have your equipment up and running by December 31, 2011 in order to qualify for the current Section 179 deduction. Sun Brite Supply has the equipment you need for your business. Call today and get your new items—before these massive deductions are gone.
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Great info thanks Tracy. A great year to forget about buying a motorcycle or boat. Buy that new trailer it will save you money in taxes and make you more money next year. Then maybe next year you can buy two motorcycles :)
 
We have one more trailer to purchase in the next two weeks or so. We have taken advantage of this and purchased a few new machines this year as well. Time is ticking though.
 
Pete Marentay said:
Scott, have we got a deal cookin' for you!
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Sorry, One of the commitments I made was to buy local as much as possible. I was surprised at how competitive the quotes I received were.
 
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