Expense up to $112,000 in 2007 with Section 179
Section 179 lowers your true cost of equipment ownership (equipment investment - tax savings). Take a look at the chart below to see some example savings.
Equipment Cost |
Section 179 Deduction |
1st Year Tax Savings |
Lowered
Equipment
Cost* |
$50,000 |
$50,000 |
$17,500 |
$32,500 |
$130,000 |
$112,000 |
$40,460 |
$89,540 |
$250,000 |
$112,000 |
$48,860 |
$201,140 |
Calculation Details & Assumptions:
- Depreciation: calculated at 5 years = 20%
- Tax Savings: assumes a 35% tax rate
Expense up to $112,000 if the equipment is put in use in 2007. In addition, you may depreciate any excess on the depreciation schedule for that asset. The rules are designed for small companies, so the $112,000 deduction phase out when a business purchases more than $450,000 in one year.
The above example is for illustration purposes. For the specific impact to your business, please contact your tax advisor or visit www.irs.gov.
Fed Leaves Key Interest Rate Unchanged
Inflation concerns. Housing slowdown. Mortgage Meltdown.
"Against these economic crosscurrents, the Fed left an important interest rate at 5.25 percent on Tuesday. In turn, commercial banks' prime interest rate for certain credit cards, home equity lines of credit and other loans -- would stay at 8.25 percent." Read the entire article: http://biz.yahoo.com/ap/070807/fed_interest_rates.html?.v=6
Working Capital Programs Now Available!
Need some working capital to keep your business moving forward? Strada Capital now provides Working Capital Programs in addition to our long-standing equipment financing and leasing solutions. Call us today at (949) 789-8850 to get started!
Seasonal Payment Plan
If your business's cash flow fluctuates with the changing seasons, our Seasonal Payment Plan might be just what you need. Get the equipment your business requires without having to make standard monthly payments during the slow seasons. Call your Account Executive today at Strada Capital to learn more.
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8105 Irvine Center Drive, Suite 1130
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