The Window is Closing on 2012 Tax Breaks for Office Equipment

December 17, 2012

Timing is everything, especially in business. Maybe you have it on your list to upgrade your office equipment or you’re waiting to do the research and upgrade down the line. There are two parts of the current tax code that will help your business upgrade and save you money, but the deadline to take advantage of those tax breaks is 12/31/2012.

2012 Tax Breaks for Office Equipment

Using Section 179 could be the most profitable decision you make this year. As an owner-operator of your business, you can deduct the price of most equipment purchased in 2012. The allowable Section 179 deduction will remain at $139,000 on the cost of new and used equipment purchased through 12/31/2012 and can be combined with Bonus Depreciation.

The enhanced Bonus Depreciation benefit extends the amount of immediate write-off to 50% of the undepreciated balance for capital expenditures and depreciable property, which includes office equipment, software, and more. It applies to new equipment that is placed in use in the U.S. in the 2012 calendar year.

Print Management Services, Products

Need an expert opinion? Contact us at Martin Group. The best part is, you don’t have to figure everything out on your own. We’ll walk you through the process and help you decide on the right options for your business.

Printing and Office Equipment

Every office needs equipment to run efficiently. Where could you use an upgrade or an addition?

Managed Print Solutions

In helping you manage your print services through the OneSource partnership plan, we will analyze your current situation and needs, develop a strategy for your business, install your new equipment and conduct training for your staff and will help you review your needs on a quarterly basis. That’s just part of the service we provide. With OneSource you can choose from three separate programs—Silver, Gold, or Platinum. Whichever program you choose, your savings start day one.

Leasing Office Equipment

We can help you decide if purchasing or leasing would be best for your bottom line. You can lease equipment and still take advantage of the Section 179 deduction, which is a preferred strategy of many businesses as it can help with cash flow and profits.

If your business is looking at a piece of equipment that is $3,000 or less, buy it. If it’s over that amount then the leasing option is beneficial for a number of reasons: you’re investing in the technology that will allow your business to run efficiently, the fixed cost structure will help you manage cash flow, and you’ll have access to free analysis of your services.

The clock is ticking! With so much uncertainty for businesses and the economy ahead, this is one decision you won’t regret. Call Martin Group today at (800) 222-6265 to save money on your taxes and your office equipment needs.