We are working with Summit Commercial Finance to offer our customers the possibility of Leasing/Financing their equipment of choice. You can call our main contact Mr. Jeff Hayes; he would be able to work with you and help select leasing / finance options that better fit your current financial needs.
Please review our Loan vs. Lease page to get a better insight on their differences.
Jeff Hayes Sr. Vice President jeffh@scfmail.com 480-607-6177
Feel free to visit SUMMIT web site, by clicking on their icon and obtain more information.
Jeff Hayes Business Card
USE IT OR LOSE IT !
Congress extends the amount that small business may write-off for capital expeditures up to $250,000.
The 2009 law extendes the amount of qualified property that a business can expense under section 179 to $250,000. This incentive is for equipment placed in service by December 31, 2009.
EXAMPLE : 1st Year Equipment Net Cost After Tax Savings.
Assume you finance $300,000 worth of business equipment, put in to use in 2009, and take advantage of section 179. Your tax savings could be significant.
Equipment Cost Example:
$300,000
1st Year Write Off: ($250,000 is the maximum Section 179 wrte-off in 2009)
$250,000
50% Bonus Depreciation: (On remaining value $300K - $250K = $50K : $50K x 50% = $25K)
$25,000
Normal 1st Year Depreciation: (Depreciation calculated at 5 years=20%;$25K x 20%= $5K)
$5,000
Total 1st Year Deduction: ($250K + $25K + $5K = $280K)
$280,000
Tax Savings assuming Rate of 35% ($280K x .35 = $98K)
$98,000
1st Year Net Cost After Tax Savings: ($300K - $98K = $202K)
