As we move closer to the end of 2011, we wanted to make sure you are aware of the Section 179 Deduction tax benefit. If you are considering renting or thinking about the possibility of lease/purchasing your C-arm or medical equipment, this opportunity could possibly save you more money than you actually spend in the acquisition.
Did you know that your company can lease equipment and still take full advantage of the Section 179 deduction? In fact, leasing equipment and/or software with the Section 179 deduction in mind is a preferred financial strategy for many businesses, as it can significantly help with not only cash flow, but with profits as well.
With a non-tax capital lease you can acquire and write off up to $500,000 worth of equipment this year, without actually spending $500,000 this year. The amount you save in taxes can actually exceed the payments, making this a very bottom-line friendly deduction (you are reading this correctly – in many cases, the deduction will actually be profit).   A small business that is managing cash flow can leverage a non-tax capital lease and still take the Section 179 Deduction.  Examples of non-tax capital leases include a ‘$1 Buyout Lease’ and a ‘10% Purchase Upon Termination (PUT) Lease’. In many cases, the amount you save in taxes will be MORE than the total of your first year’s payments.
KenQuest Medical can help you get the needed equipment for your office that will qualify under the Section 179 deduction. For more information please give one of our sales staff a call at (888) 316-2205.
***We are not giving tax advice, please contact your CPA or tax attorney for your specific case.***