(http://www.adssolutions.com/learning-center/section-179-tax-benefits-for-small-businesses.html)
Section 179 is part of the IRS tax code which makes it easier for
small businesses to invest in themselves by receiving sizable tax
breaks on purchases like machinery, office equipment and qualified
business software, better positioning them for future growth. The
problem? These tax incentives are not widely understood, and, they
expire on 12/31/12.
The key to Section 179's short-lived benefit is that for this year
only, small businesses can write-off the entire purchase price of
qualifying equipment and software in one year, rather than adhering to
typical 5-7 year depreciation schedules. The government's objective
for offering this money-saving benefit is to stimulate the U.S.
economy -- and in particular, small businesses -- to grow. Thousands
of small business owners are taking action on Section 179 right now,
because in its current form, renewal is unexpected. But millions more
are unfamiliar with Section 179. Given the fact that the purchasing
cycle for sophisticated business software often exceeds six months,
and software needs to be installed by 12/31/12 to qualify, business
owners and CIOs need to move forward with their software selection now
if they want to take advantage of this temporary tax incentive.
Section 179 can benefit all types of small businesses, but businesses
that utilize sophisticated ERP software, including inventory software,
stock control software, warehouse management systems, and in general,
any off-the-shelf software that has not been significantly modified,
which performs functions required to run their businesses, stand to
benefit tremendously. Given the rate of technological obsolescence,
the declining appeal of aging systems, and the powerful new features
that are available in newer software, business owners would be foolish
to dismiss Section 179 and not take full advantage of the government's
helping hand. Section 179 is like manna from heaven.
Section 179 does have its limitations, and ADS Solutions encourages
companies to visit the IRS website and consult their tax advisors for
details. To learn more about Section 179, see specific examples of its
power, and in particular, learn how it can benefit businesses like
wholesale distributors, visit ADS Solutions' website at
http://www.adssolutions.com/learning-center/section-179-tax-benefits-for-small-businesses.html(http://ctt.marketwire.com/?release=901989&id=1739230&type=1&url=http%3a%2f%2fwww.adssolutions.com%2flearning-center%2fsection-179-tax-benefits-for-small-businesses.html).
For more information, contact: Ann Grace, ADS Solutions,
ann.grace@adssolutions.com(mailto:ann.grace@adssolutions.com).
