MultiCam OffersBelow are the preferred finance companies, or you can contact a MultiCam sales representative to assist you in finding the right financing solution.
Equipment Financing and 2014 Tax Incentives
Owning a MultiCam cutting system has never been easier
Your local MultiCam sales representative can assist you in finding the right financing solution to fit your budget. From low interest loans to leasing programs, we can show you how to increase your ROI quickly.
Additionally, there are tax advantages for purchasing equipment for your business. Read below on how you can save money through the Section 179 Tax Deduction.
The 2014 Section 179 tax advantages have been increased to $500,000.00! This will significantly increase your bottom line since you can deduct the FULL purchase price of equipment bought in 2014, up to $500,000. The ROI on your equipment purchase just went way up!
While it is a great tax incentive, there are a few limitations to Section 179. The total cost of the deducted equipment in 2014 cannot exceed the total amount of the taxable income you are reporting for 2014 (so in other words, you can't writeoff more than you report as gross taxable income). The writeoff is reduced dollar for dollar to the extent a business purchases more than $2,000,000 in 2014. In addition, as with any tax question, you should check your local state tax laws. In order to qualify for the Section 179 Deduction, the equipment must be purchased, financed or leased and put into service by December 31, 2014.
In addition to the immediate expensing allowed under IRC Section 179, businesses acquiring qualifying new equipment are allowed to depreciate those costs by utilizing a temporary 50% bonus depreciation allowance. Additional expensing for both new and used qualifying equipment is allowed with the use of a standard first year depreciation allowance (under MACRS rules, 14.29% for equipment with 7-year class life as defined in IRC Section 168).