Many small business owners in the USA are aware of Section 179 of the IRS Tax Code but, more than likely, have no idea how to take full advantage of the benefits it affords for major equipment purchases. Manncorp is providing free consultation for customers who want to learn how to realize significant savings (of up to 35% or even more depending on their corporate tax bracket), by capitalizing on Section 179's depreciation allowance before the end of 2013.
Section 179 allows businesses to deduct the full purchase price (up to $500,000) for equipment leased or financed and put into service before December 31, 2013. In essence, accelerated depreciation, as opposed to depreciating the equipment over its useful life, can significantly reduce the cost of ownership by reducing taxable income for the year and freeing up cash flow.
While all of Manncorp's equipment offerings are eligible for the Section 179 deduction, major savings are attained when the tax reduction is applied to the purchase of one of their exclusive SMT Turnkey lines. For instance, the 'Bestseller' line, consisting of the 5500 high precision stencil printer, the MC392 dual-head pick and place system, and the CR-5000 5-zone convection reflow oven, has a selling price of $99,995. An OEM planning to bring SMT assembly in house in 2014 could purchase the 'Bestseller' line now and expense the full purchase price from their company's 2013 income. Instead of paying 35% tax on that $99,995 income (using the 35% tax bracket as an example), the OEM could take that $35,000 of tax savings and apply it to their purchase of the equipment.
If you are interested in learning more about how you can put the Section 179 deduction to work for you, or if you are interested in the additional 50% bonus depreciation of Section 168, please contact Manncorp at 800-PIK-MANN (East Coast), 888.PIK.MANN (West Coast), or Email firstname.lastname@example.org.
To learn more about Manncorp’s wide selection of SMT Turnkey Assembly Lines, please visit www.manncorp.com/turnkey/?pr101813.
Sales and support offices in three locations: East (Huntingdon Valley, PA), West (San Diego, CA) and Mexico.