“Given the tax advantage and a favorable lending climate, small companies have a chance to make the most of some terrific values”, according to CFIC Funding, Inc. “New or pre-owned equipment financing is a fantastic success and expansion strategy and the Section 179 Bonus Deduction makes it a no-brainer.”
With the bonus depreciation allowed in Section 179, a small business can take the entire purchase price of the equipment that qualifies and depreciate it in one year, rather than the more common five to seven year depreciation time-line.
Why the race against the clock? The idea behind the Section 179 bonus depreciation tax break was simple. Stimulate growth of the US Economy by creating an environment that encourages expansion. However there is no expected renewal on Section 179. The good news is there’s still time to grab the tax saving for small businesses who act swiftly.
Small business owners are encouraged to move forward hastily with their purchase of qualifying equipment that includes: equipment and machines purchased for business use; tangible property used in business, business vehicles with a gross weight in excess of 6,000 pounds; computers; computer Off-the-Shelf-
As business owners throughout the US are aware, successful ventures make the most of legal tax incentives to reduce their operating expenses thus increasing profit margins. The IRS Section 179 Bonus Deduction is an easy to use tax break. Small businesses have an opportunity to invest in their own business adding capital equipment needed for growth and expansion.
About CFIC Funding
Headquartered in Torrance, CA, CFIC Funding has provided quick, reliable funding to businesses throughout the US that use the Section 179 bonus depreciation, tax deduction. CFIC Funding has a reputation as being a knowledgeable and diligent provider of invoice factoring, accounts receivable factoring, equipment financing and project financing for small to mid-sized businesses. They offer financial services to major industries including: manufacturing, freight, transportation, consulting firms, service providers, staffing firms, distributors, manufacturers, medical service providers and power project developers.
To learn more about equipment financing and how you can take advantage of this opportunity, call CFIC Funding at 310-370-4871 or visit the website at http://cficfunding.com/