How the Section 179Tax Deduction

Can Save Your Business Money

Can Your Business A�ord to Lose $25,000 in Tax Savings?

by Dan Furfari

NEWS YOU CAN USE

Can Your Business Afford to Lose $25,000 in Tax Savings?

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Overview 3

Why Section 179 Provides Huge Tax Benefits 4

How to Qualify 5

Working With Leases & Financing 6

Is This Deduction Worth It? 7

How This Tax Code Could Help You 8

Section 179 Calculator 9

Table ofContents

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What if we told you that you could—using Section 179 of the IRS tax code

What if you could write the cost of any equip-ment or software purchases (or leases) made before midnight on December 31st, 2015 off of your end-of-the-year taxes? Would this af-fect your decision to buy or lease before the year was out?

If you own a business, then you might be surprised to learn that you can. Section 179 of the IRS Tax Code will actually give your busi-ness deductions based on the price of leased, purchased, or financed equipment and off-the-shelf software for the current tax year.

Of course, there are some limits—but you’ll probably be surprised to learn that this code can actually be incredibly beneficial to your business—and here’s why.

Would You Like to Write Off Equipment and Software Purchases As Deductions in 2015?

Do You Own A Small Business?

Can Your Business Afford to Lose $25,000 in Tax Savings?

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Overview

Section 179 of the IRS Tax Code will actually let you deduct an amount based on the purchase/leasing price of equipment and/or software from of your 2015 taxes—though it’s not with-out a few stipulations.

First of all, in 2015, there is a deduction limit of $25,000. There’s also a spending cap on quali-fying purchases, which is $200,000. As you can see, this rather low-ceiling spending cap could keep most large-scale businesses from taking advantage of the tax code—though this may or may not apply to your business.

The simple truth of the matter is that if you spend less than $200,000 on qualifying equip-ment and/or software before the end of 2015, then your business may be eligible for deduc-tions equal to the full price of the purchases, or $25,000—whichever is lower.

Can Your Business Afford to Lose $25,000 in Tax Savings?

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Why Section 179 Provides Huge Tax Benefits

To qualify for this deduction, you basically need to meet the following criteria.

• The equipment or software that you pur-chase or lease must be acquired and put into use by the end of the day on Decem-ber 31st, 2015.

• If your business spends more than $200,000 on qualifying purchases, your deduction will begin to be reduced on a dollar-per-dollar basis.

This is really the nuts and bolts of how Section 179 works. Of course, it’s a bit more compli-cated than that when you start to get into the smaller details—but for the most part, this is the criteria for qualification.

Can Your Business Afford to Lose $25,000 in Tax Savings?

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How ToQualify

Does Section 179 Work With Leases and Financing?

Actually, leasing and financing tend to be preferred strategies for businesses that plan on utilizing Section 179 for better deductions in 2015. The reason for this is because you can actually write off a considerable portion of the cost (up to the deduction limit) without having to spend the money for it up front! Since you make payments on a lease, you can simply start the lease and get the equipment up and running before December 31st, 2015—and then, when you file taxes, you can write-off the cost of the item. It’s really as simple as that*.

This can give you huge tax breaks, and can even provide you with enough in deductions to cover the cost of the purchase. In cases like this, you’ll often save more in taxes than your first year’s payments would be!

* Please check with your tax advisor to ensure your business qualifies.

Can Your Business Afford to Lose $25,000 in Tax Savings?

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Working WithLeases & Financing

Is This Deduction Worth Taking Advan-tage Of?

In short, the answer is a huge yes! As long as the equipment or software is purchased and put to use before the end of the year, you can report it and make use of the deductions to recoup some (or all) of your costs. Of course, there are limits to what you can and can’t claim—but you can find more specific infor-mation about these details on the IRS.GOV website and by having your tax advisor review your eligibility.

You can find the page that deals specifically with Section 179 here: http://www.irs.gov/publications/p946/ch02.html

Can Your Business Afford to Lose $25,000 in Tax Savings?

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Is this DeductionWorth It?

If you own a business, then you can prob-ably relate to not knowing for sure if you should invest in new equipment or software before the year is over. If you have the cash on hand, then you might be nervous about spending it—opting instead to keep it as an “emergency cushion” in case you end up fac-ing setbacks, problems, or timely business growth opportunities.

But with this tax code, you can actually re-coup the costs of your 2015 equipment and software purchases through tax deductions. You’ll need to examine your yearly tax liability to determine whether or not such a deduc-tion would directly benefit you—but if you’re a small to medium sized business that needs new equipment, odds are good that you could definitely get ahead by using it.

In most cases, using this tax-code effectively means getting free equipment or software for your small to medium-sized business!

Can Your Business Afford to Lose $25,000 in Tax Savings?

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How This Tax CodeCould Help You

About Navitas Lease Corp.Navitas Credit Corp. delivers the financing solutions

required to make the buying and selling of commer-

cial equipment simpler and more affordable. Once the

equipment buying decision is made; without the capi-

tal needed to acquire it… nothing can move forward.

Whether you are an equipment manufacturer, dealer

or the ultimate buyer of the equipment, Navitas

provides every participant in the equipment acquisi-

tion process with the customized support required to

ensure all parties achieve their unique business objec-

tives. Our proven ability to provide the right financing

solution, at the right price, and at the right time makes

Navitas your preferred financing destination…come

grow with us today.

To discover more about how we can help you

achieve your financing goals, visit us at:

www.navitaslease.com.

Best of All, Section 179 Might Help You the Most If You Plan On Leasing

If you don’t want to spend as much cash up-front, then you might want to consider using Section 179 in conjunction with a leasing agree-ment on the item. This may actually provide you with the most efficient tax benefits pos-sible, while minimizing your out-of-pocket costs. Being able to deduct an item that you haven’t even finished paying for yet could provide you with a huge cash boost later on, in the sense that you’ll likely save enough on taxes to more than cover the cost of the purchase.

Your 2015 Section 179 Tax Deduction Op-portunity is Running Out

We make it easy to discover how Section 179 can help your business. Request your free Section 179 saving calculator today. Your savings are just a few clicks away!

Call 877.628.4827

Can Your Business Afford to Lose $25,000 in Tax Savings?

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Section 179Calculator