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100% Bonus Depreciation The 2010 Tax Relief Act increases the bonus depreciation from 50% to 100% for qualified investments made after September 8, 2010 and before January 1, 2012. The 2010 Tax Relief Act also adds a 50% bonus depreciation available on qualified property placed in service after December 31, 2011 and before January 1, 2013. The government has also opened up the limit to bonus depreciation. All qualifying purchases can take bonus depreciation. There is no limit. Sounds great. What does it mean? It means you can buy or lease new equipment and write the entire purchase off this year. No delayed gratification by depreciating your equipment over 5 or more years! Benefits of Financing You already know the myriad benefits of financing (cash flowing, budget making, money saving, business growing, etc). If you finance your 2009 purchase on a capital lease through Caladesi†, you can write off the entire equipment cost this year, but only make a few monthly payments! Example Calculation: Let's say you finance $35,000 worth of business equipment, and put it in use this tax year. After taking your deductions, you can reduce the cost of owning equipment from $35,000 to $22,750, saving you $12,250 in tax liabilities. |
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While we think we’re pretty smart people, we can’t give tax advice. The information contained in this calculator is provided as a public service. It should not be construed as tax advice or a promise of reduced tax liability. For more information contact your tax professional or visit the Internal Revenue Service Web site at www.irs.gov or contact the IRS helpline at: 800-829-4933. †Okay, you could pay cash or finance through someone else (gasp) and still take the deduction. |
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| © Caladesi Capital, Incorporated 2009 800-255-5341 - Tampa, Florida |
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