Wednesday, November 25, 2009

Tax Write-Offs for Capital Equipment Purchases

A candidate I interviewed today in the copier industry said they are having success leveraging Section 179 to encourage their customers to move ahead with capital purchases this year.

There is an entire website devoted to this tax incentive, which is part of the Reinvestment and Recovery Act.

As the site explains: "Section 179 was designed with businesses in mind. That's why almost all types of 'business equipment' qualify for the Section 179 deduction."

Business equipment like copiers, video towers, powered instruments... probably worth exploring. May only apply to for-profit businesses (many hospitals are non-profit). As you know I am not a tax professional, but I am sharing this tidbit in the hopes you may find an opportunity to close more deals before the end of the year.

Happy Selling and Happy Thanksgiving!

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