Section 179 is better than ever in 2011
Leasing Services Network
5729 Dover Rd.
Oak Forest, IL 60452
Contact: Greg Bennett
Phone: 888-878-2808
Fax: 888-878-4828
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
2011 is a banner year for Section 179. That’s because legislation passed during the latter half of 2010 expanded and enhanced Section 179 and Bonus Depreciation to new, unseen limits.
The total deduction was doubled, to $500,000, and the total limit of equipment purchased was raised to 2,000,000. These are HUGE increases, and essentially is the government’s “go-ahead” to businesses in regards to purchasing new equipment and software. And it’s welcome news, because after several years of holding back, many businesses need new equipment.
This means if you were waiting to purchase new equipment and/or software, 2011 is the year you’ve been waiting for. In plain terms, the tax savings can be substantial.
And to help you see how much you can save, we’ve provided the following 2011 Section 179 Calculator. This calculator is fully updated with the current limits, and can give you a clear picture of just how much Section 179 can save you this year. Go ahead – check it out and see if you like the numbers.
 Calculate Tax Savings on Leased Equipment (1.46 MB) Updated for 2011
Now is the best time to consider leasing your equipment purchases.
1Added Credit Availability - Bank credit lines are not affected, so you retain your bank borrowing capacity for other needs.
2Conserves Working Capital - Leasing finances 100% of the equipment cost, leaving precious capital for other needs.
3Improves Cash Flow - Leasing allows you to pay for the equipment as income is earned from its use.
4Tax Deductible - In many cases, lease payments can be treated as a fully tax deductible expense. See linked file above.
5Quick and Easy - The whole lease process is faster, simpler, and often less costly than other financing alternatives.
Lease Options
True Lease
A true, or fair market value, lease has a purchase option that is equal to the equipment's fair market value. In other words, you will have the option to purchase the equipment at the end of the term for its then fair market value, return the equipment, or continue to lease.
One Dollar Purchase Option
This is our most popular lease to own plan. A one dollar purchase option plan, also known as a “dollar out” lease is exactly as it sounds. You will have the option to purchase the equipment at the end of the term for one dollar. This is a capital lease.
10% Purchase Option
Much like the $1.00 Purchase Option, this plan is also considered a capital lease. This plan, however, allows you to defer 10% of the cost till the end of the term.
Equipment leasing is available on all cemetery and mortuary equipment with a retail value of $1000.00 or greater. This applies to equipment only - no consumable items. Smaller pieces of equipment can be combined to equal $1000.00 or greater, but they must be placed on one order and shipped complete. Popular leased equipment includes casket lowering devices, casket carriages, body coolers, mortuary lifts, etc.
This program is operated by a professional leasing service. Any interested parties will place orders directly with said service. Please direct any inquiries or questions to:
Leasing Services Network
5729 Dover Rd, Oak Forest, IL 60452
Contact: Greg Bennett
Phone: 888-878-2808
Fax: 888-878-4828
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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