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press release, Laser Photonics
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Laser Photonics equipment = tax breaks in 2009
2009 has suddenly become a great year to invest in your business. Due to The Economic Stimulus Act and the Section 179 deduction, which has been extended through December 31st, 2009, business’ purchasing power has been significantly increased when it comes to buying new laser equipment.
Business owners who acquire equipment for their business: machinery, computers, and other tangible goods, usually prefer to deduct the cost in a single tax year, rather than a little at a time over a number of years. Taking the deduction in a single tax year is known by its section in the tax code, as a Section 179 deduction.
Under Section 179, businesses that spend less than $800,000 a year on qualified equipment may write-off up to $250,000 in 2009. The rules are designed for small companies, so the $250,000 deduction phases out when a business purchases more than $800,000 in one year. (Companies cannot write off more than their taxable income).
In order to receive the tax break benefits, equipment needs to be purchased and in use in the 2009 calendar year. To help business meet these requirements, orders should be placed by the third quarter of this year to ensure there are no delays.
About Laser Photonics - Developing laser marking, laser cutting and laser engraving systems for precision material processing industries, Laser Photonics is leading the way with innovative fiber laser and CO2 laser systems. Our laser machines are used by manufacturers in the automotive, aerospace, industrial, defense, electronic and medical industries around the world.
Published by: Laser Photonics
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Posted on: 18.03.09 in
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