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Upcoming Expiration of the
2009 ARRA and Section 179 The
Economic Stimulus Act and Section 179 "The American
Recovery and Reinvestment Act of 2009" has been officially
extended. The Section 179 Deduction increases made available
in the Economic Stimulus Act of 2008 through December 31,
2009, if you have purchased and installed the equipment.
With the current
news that is all around us it is sometimes hard to justify
opening our pocketbooks and investing in our companies. We
all know that the best way to improve ourselves and our
businesses is to invest time, energy and money in
accomplishing our goals. As the year draws to a close you
need to take a look and see what can be done to improve your
business. The decision to improve may save you money.
With the
changes to the Section 179 Deduction made by the Economic
Stimulus Act signed in February 2008 there are some exciting
benefits for business.
2009 Limits
Deduction Limit $250,000 same as in 2008
Total Amount of Equipment $800,000 also identical to 2008
(deduction decreases dollar for dollar after limit reached
as in 2008)
Section 179 can
change yearly without notice, so it benefits you to take
advantage of this generous tax code while it's available.
Section 179 offers small businesses a great opportunity to
maximize their purchasing power. In addition, the Economic
Stimulus Act of 2008 has provided the small business owner
with generous new (and higher) deduction limits. Most of the
equipment your business will purchase or lease qualifies for
the deduction, so do your homework and verify that your
company is leveraging the Section 179 Deduction this year.
Cloud computing
is a great way to save on hardware upgrades, eliminating the
hassle and cost of server replacement altogether. To learn
more about the benefits of our off-site hosting option,
visit the
Universal section of our website.
Of course, we
recommend you speak with your tax advisor on how these
provisions can benefit you directly.
For more
information online including a Section 179 Deduction
calculator and a list of qualifying equipment visit
www.Section179.org.
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Server
virtualization is a great way for your IT organization to
battle today’s economic challenges. You can reduce costs
through server consolidation - which in turn increases ROI as
you run multiple workloads on a single server. Plus, the
ability to deploy new applications - and scale them up or
down - boosts business agility.
