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2017 Tax Benefits Section 179 Update

Business Equipment - Section 179 Expensing Allowance $500,000 IRS Section 179 is a permanent tax law that encourages investment. It allows smaller businesses to immediately write off the full price of qualifying asset purchases (machinery, computers, and other tangible goods) rather than depreciating them over several years. Under IRS Section 179, a taxpayer may expense up to $500,000 of qualified equipment placed in service in 2017. The rules are designed for small companies, so the $500,000 deduction phases out when a business purchases more than $2,000,000 in one year. Companies cannot write off more than their taxable income). Section 179 applies to new & used equipment purchases, but must be "new to the business" and placed in service in the year the tax benefit is taken.

Bonus Depreciation – 50% for 2017

In 2017 businesses are encouraged to invest by allowing an additional first-year depreciation allowance of 50% for qualified investments made after December 31, 2016 and before January 1, 2018. Bonus depreciation is available for all businesses and is not capped at a certain dollar level however, only new property applies. The 50% immediate expensing of asset acquisitions will be permitted for 2017 before reducing to 40% in 2018 and 30% in 2019 when it will then disappear altogether.

Benefits of Finance Agreements and Capital Leases

Maximize the tax benefit with a Group Financial Services finance agreement (conditional sales contract) or capital lease. Both allow a business to acquire equipment with a low monthly payment while taking advantage of the Section 179 - $500,000 expensing allowance. Examples of capital leases include a $1.00 buyout lease and a capitalized 10% purchase option lease. For complete details, or changes to the tax incentives, please visit www.irs.gov or contact the IRS help line at: 800-829-4933

Contact Us Today for a Competitive Quote on Your DHPI Purchase  Purchase your equipment in 2017  Take the tax benefits associated with your purchase in 2017  Finance your equipment through Group Financial Services  Make NO payments until 2018  Get a head start on revenue growth and generate cash immediately  Quick application, quick approval  100% Financing with terms up to 7 years  $10,000 Minimum Make NO Payments up to 6 Months Take Advantage of The 2017 Tax Savings on Your Next Capital Purchase

Helen Giotopoulos Kaminski Office: 800-232-7526 Fax: 888-366-2398 Email: helen@finservices.com www.groupfinancial.com

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