Sect 179 and Tax Planning for 2013

Nov. 26, 2013 - PRLog -- Improve your businesses productivity and get a significant tax benefit for your effort… but you must act before December 31, 2013 to insure that you get these benefits.

If your office has PCs that are Microsoft XP models, you currently use Microsoft Office 2003 or Microsoft Server 2003 now is the time to replace them.  Effective April 1, 2014 Microsoft will no longer support those products.  There will be no software security enhancements or fixes provided.  This is an avoidable business risk.  This pending event along with the current tax laws allowing businesses to take the entire cost of these improvements, up to the $500,000 limit, as an expense in the current tax year as a section 179 deduction  together make this an extremely advantageous time to make these important capital upgrades to your business operations.

For you maximum benefit act now.  The currently enacted tax laws call for the amount allowed for the Section 179 deduction will be reduced from $500,000 to $25,000 in 2014.

An additional benefit in the current tax year that is scheduled to be eliminated in 2014 is the 50% bonus depreciation offered for new equipment placed in service.

Let VBL Technologies help you make upgrades to your IT equipment and software a reality this year!  We have business partners which can assist with obtaining funding the project as needed in order to maximize tax benefits in the current year.  The improved efficiencies will help you be even more successful in the coming year, and beyond.

Contact your tax professional and let them review your plans for upgrades today verses next year.  You will be very glad you did!