The end of 2016 is fast approaching. Which is why now is the time to buy a Somero Laser Screed machine. Here’s are two reasons you shouldn’t wait until next year:
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. This incentive (created by the U.S. government) encourages businesses to buy equipment and invest in themselves.
When your business buys certain items of equipment, it typically gets to write them off a little at a time through depreciation. For example, if you spend $50,000 on a machine, your company writes off $10,000 a year for five years. While this is better than no write-off at all, most business owners prefer to write off the entire equipment purchase price for the year they buy it. That’s the whole purpose behind Section 179 – to motivate the American economy (and your business) to move in a positive direction. For most small businesses, the entire cost can be written-off on the 2016 tax return (up to $500,000).
- Want more information on Section 179? Consult with your financial advisor to determine your qualifications. You can also check out the official government site at section179.org.
2017 SOMERO PRICE INCREASE
We regret that rapidly rising costs for raw materials necessitate our raising the price of all our products effective January 1. Every attempt has been made to avoid the increase, but we refuse to compromise on quality. To help you take advantage of lower prices and increased opportunities for savings, we are trying to give all current and potential customers a heads up as soon as possible.
So why wait? Call us today at (239) 210-6519 to learn more about your buying options!