Using Section 179 Tax Deduction and/or Bonus Depreciation with a Xerox Copy Machine Lease or Xerox Copier Equipment Finance Agreement might be the most profitable decision you can make in 2012.
Why? Because the amount you deduct will exceed your cash outlay for 2012 when you combine (i) a properly structured Xerox Copier Equipment Lease or Xerox Copier Equipment Finance Agreement with (ii) a full Section 179 Tax deduction.
It is a bottom-line enhancing tool (plus, when you get the new equipment and software you’re adding to your business).
Also, the ‘$179 bonus per $10,000 financed’ is available thru 12/31/2012. This means that you (a) get your xerox copier and xerox printer equipment and/or software (b) get to take full advantage of the Section 179 deduction in 2012, and (c) get Section 179 bonus cash as well.
2012 Deduction Limit = $139,000
This is good on new and used office equipment, as well as off-the-shelf software.
2012 Limit on equipment purchases = $560,000
This is the maximum amount that can be spent on equipment before the Section 179 Tax Deduction available to your company begins to be reduced.
Bonus Depreciation = 50%
This is taken after the $560k limit in capital equipment purchases is reached. Note: Bonus Depreciation is available for new equipment only. Bonus Depreciation can also be taken by businesses that will have net operating losses in 2012.
The above is an overall, “simplified” view of the Section 179 Deduction for 2012. For more details on limits and qualifying, please contact us and we can help.