Act Now for Business IT Solution Tax Incentives
Posted by Erin Lea on Wed, Dec 14, 2011 @ 10:36 AM
Have you been hearing the buzz about the looming expiration of the Bonus Depreciation benefit provided by the U.S. Federal Government’s Economic Stimulus Package? Not sure what it all means, or how you may be affected?
Well, if you act fast, the expiration of the Bonus Depreciation benefit could be advantageous to you and your organization. Under the provision, companies are able to acquire computer software assets this year and accelerate the depreciation of those assets provided that they are acquired and implemented for use prior to December 31, 2011.
This bonus depreciation may have a significant impact on how assets are accounted for within your organization and can potentially reduce your company’s taxable income. While the incentive may not be applicable to all businesses, it’s surely worth considering if you’ve been exploring investments in IT during the course of the year – it may be just the ‘nudge’ you need to move forward with IT solutions that will improve business efficiency and productivity.
What’s more, Microsoft Financing can help companies take advantage of this tax saving incentive by offering deferred payments until 2012. We hope you’ll take some time to learn more about this tax incentive by contacting us today. For more information on the eligibility requirements of Bonus Depreciation, please visit http://www.irs.gov/.
