
Tax Reform and Business Incentives
Learn More about Section 179 Tax Deductions
Better Bottom Line
Confidence in Decisions
Financing Programs
Upgrade Your Tech. Maximize Your Return.
Innovating your business is always a big win, and now, it couldn’t be easier. With easy payment offerings and potential benefits from tax reform, your solution may be even more rewarding! We can help your business, whether expanding capabilities for a large organization, or the growth you need for your small business.
In years past, when your business bought qualifying equipment, it typically wrote it off a little at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are only meant to give you an example).
Now, while it’s true that this is better than no write-off at all, most business owners would really prefer to write off the entire equipment purchase price for the year they buy it. And that’s exactly what Section 179 does – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year.
This has made a big difference for many companies and the economy in general. Businesses have used Section 179 to purchase needed equipment right now, instead of waiting. For most small businesses, the entire cost of qualifying equipment can be written-off on the 2021 tax return (up to $1,040,000).
Accelerate Your Results
You are always looking for a way to deliver the best results and maximize your budget. We can help you solve not only your technology needs, but can also bring you flexible payment options that can meet your cash flow requirements. The Tax Cuts and Jobs Act of 2018 expands tax provisions for qualified new and used equipment or software investments from 2018-2022, with big advantages: immediate 100% expensing through accelerated / full depreciation in first year of use, on any capital value of equipment acquired for your business.
Better Bottom Line with Tax Incentives
Two key provisions are available; to immediately write off the full cost of new or used equipment in capital investments, under this expanded federal tax reform:
Permanent Increases For Section 179 Expensing: per item deductions with limits now up to $1,000,000; with gradual phase out of expenses to $2,500,000 in total, each year.
Accelerating 100% Full Depreciation: immediate full depreciation of 100% in first year for equipment placed in service during 2018-2022 (then scheduled to decline by -20% in years thereafter). Accelerated depreciation deductions can apply to investments without regard to Section 179 capital expensing limits.
Confidence In Your Decisions
These capital considerations can apply to a wide array of Xerox technology and solutions you have been waiting for: from printing & publishing, color & multifunction printers, to software and applications – all to drive your business productivity and value-add for all your document needs. The broadest suite of technologies: to both meet your solution needs and meet your financial needs.
Financing Programs
We offer compelling payment plans and options that can give you immediate access to these accelerated tax benefits and leading-edge solutions – with flexible financing programs to align your cash flow with your business model.
In this day and age, it is critical that your business has the technology resources required to stay competitive. These bonus tax incentives along with investments in our business solutions, can help us, to help you, make your business stronger.
immediate 100% expensing through accelerated – full depreciation in first year of use, on any capital value of equipment acquired for your business.
About Altek
Your Complete Service Provider
Since 1991, Altek has been offering the latest in business technology and award-winning customer satisfaction. Our staff, with 30 years of technology experience, provides cutting-edge Managed IT, Workflow Solutions, Document Management, and Print Solutions.
At Altek, we take the consultative approach. By focusing on your business goals, we create an individually tailored solution. We enhance efficiency and profit while ensuring your goals and objectives are being met by providing training, support, and ongoing maintenance.
We Take Service Seriously
Many companies claim their service is “The Best Service in the Business”, but we have the scores to prove it. Over the last 5 years, we have received a Net Promoter Score® of over 95, which puts us in the top 3% of companies in North America.
We know our success is tied to our client’s success, so each customer we have is a relationship we invest in.
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Disclaimer: These are only guidelines and any calculations are for illustrative purposes only. You should consult your own tax & financial advisor to review and assess the factors that may apply to your business and tax situation.
References: Section 179 Tax Deduction
Xerox Corporation