Everyone that sells equipment or leases equipment is pounding the IRS Section 179 deduction for obvious reasons. While this gets pretty old after a while, it is something that those who are on the fence about replacing business equipment should be aware of.
Here is a link to the IRS's site to get a good idea of how 179 works...IRS 179 article. So if this looks interesting to you here is another link to a calculator to see just how much you might save using this deduction. 179 drepreciation calculator.
Remember , income tax deductions are only good if you have "taxable income" Just buying something for the sake of buying it is not a good idea and in the technology world if you push something out to the cloud it becomes a 100% write off ALL THE TIME as a business expense.
So is the tax deduction afforded by the stimulus act a better deal than having your phone system in the cloud? Examine all the options and the Total Cost of Ownership on your system and make the best decision based on your situation.
