I'm going to re-post this for all recieved this in an email from a P4PHotel member.Now is the perfect time to lease!
Recent legislation enables businesses to acquire equipment more affordable during 2008. This is great news for companies that want to obtain new equipment and technology to support their business goals and maintain a competitive advantage! You may be able to combine the many benefits of leasing with special 2008 tax incentives.
The Economic Stimulus Act of 2008 includes provisions that enable businesses to take additional deductions for accelerated depreciation and immediate expensing of capital purchases.
What are the requirements?
- Taxpayer must purchase the qualified property during the 2008 tax year, subject to a binding lease or purchase contract signed in 2008
- Property must be placed in service in 2008
- Property has MARCS recovery paid of less than 20 years
The time to lease/purchase is now!
Economic Stimulus Act of 2008
Title I – Recovery Rebates and Incentives to
Business Investment
Section 102 – Increases in 2008: (1) the expensing
allowance for depreciable business assets to
$250,000: and (2) the maximum investment
phase-out threshold for such expensing allowance
to $800,000
Section 103 – Increases to 50% the amount of the
adjusted basis of certain depreciable property that
may be claimed as a deductible expense in 2008.
We do not offer or provide tax or accounting advice. For details
on the Economic Stimulus Act of 2008, please consult your
financial advisor and/or tax and accounting professional(s).
-=Good Selling-=
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