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Increased Section 179 Tax Benefits Extended Through 2009
The American Recovery & Reinvestment Act of 2009 is now law, and contains numerous favorable tax provisions to stimulate your business. This means that your company can lease or purchase new or used equipment, and take full advantage of the Section 179 tax deduction. Acquiring equipment at this time is an excellent financial strategy, especially for small and mid-sized businesses.

Business Equipment
Business owners who acquire equipment, including machinery, computers, and other tangible goods, usually prefer a substantial deduction in a single tax year, rather than a little at a time over several years. This accelerated deduction is known as the Section 179 deduction in the tax code. The amount of qualified property that a business can expense under Section 179 was increased in 2008 to $250,000. This incentive is for equipment placed in service between 12/31/2007- 01/01/2010 and is designed for small companies. The deduction phases out when a business purchases over $800,000 in one year.

Bonus Depreciation Extended Through 2009: The law also created a bonus depreciation of 50% for qualifying assets. This is in addition to regular first-year depreciation.

Benefits of a Non-Tax/Capital Lease
The benefit of a Non-Tax/Capital Lease is that it can take advantage of Section 179: You can expense up to $250,000 if the equipment is put in use in 2009. In addition, you may depreciate any excess on the depreciation schedule for that asset. Examples of Non-Tax/Capital Leases include a $1.00 Buyout, an Equipment Finance Agreement (EFA), and a 10% Purchase Upon Termination (PUT) Lease.

Below is an easy to use calculator that will help you estimate your tax savings. Simply enter the purchase price of your equipment, and the calculator will estimate your potential savings.

Equipment Cost Example
Cost of Equipment:
$300,000.00
Section 179 Deduction:
$250,000.00
50% Bonus Depreciation:
$25,000.00
Regular First Year Depreciation Deduction:
$5,000.00
Total First Year Deduction:
$280,000.00
Cash Savings on your Equipment Purchase:
$98,000.00
(Assuming a 35% Tax Bracket)
Lowered Cost of Equipment after Tax Savings
$202,000.00

Act Now!
To learn how your business can take full advantage of Section 179 and the Bonus Depreciation Incentive, contact us today for a free consultation. We provide financial solutions so you can acquire the equipment your business needs to prosper and grow.

To discuss your equipment financing needs or to submit an application, contact:

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Stan Ragley

4110 Meadow Oak Drive
Charlotte, NC 28208
Phone: 704.409.7771
Fax: 888.685.1416
stan.ragley@biesseamerica.com

 



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Contact us at:
Biesse and Intermac America: 4110 Meadow Oak Drive, Charlotte, NC 28208
Biesse Canada - Montreal, QC: 18005 Rue Lapointe, Mirabel, QC J7J 0G2
Biesse Canada - Toronto, ON: 282 Orenda Road West, Brampton, ON L6T 4X6

Phone: 877-8-BIESSE

ABOUT BIESSE S.p.A. – Founded in 1969 in Pesaro, Italy, Biesse S.p.A. is a leading manufacturer of woodworking, glass and stone fabrication equipment, supplying innovative engineering solutions to the panel machining and furniture making industries. # 1 in the manufacture and sale of CNC machines, Biesse S.p.A.’s products range from turnkey systems to individual machines, workstations and high–tech components. Along with an extensive global distribution network, Biesse S.p.A. has 30 subsidiaries and sales offices, 300 distributors and agents and 2,400 employees.
Biesse S.p.A.’s North American presence is compris ed of woodworking divisions Biesse America (Charlotte, NC) and Biesse Canada (Montreal, QC and Toronto, ON), and Intermac America (Charlotte, NC), the company’s stone and glass division.

Contact us at:
www.biesse.it
www.biesseamerica.comwww.biessecanada.comwww.intermacamerica.comwww.intermaccanada.com