Posted by Peter Kurdziel on November 26, 2009
| Dear Partner,
Take advantage of a chance to increase business before the end of
the year.
As a benefit of the American Recovery and Reinvestment Tax Act of
2009, beneficial provisions of IRC Section 168(k) (relating to bonus
depreciation) and Section 179* (relating to increased deductions) have
been extended for new equipment and software placed in service.
As a result, your small business customers don’t have to
postpone investing in Cisco® Small Business technology products
that will help them work more securely and effectively anytime,
anywhere. That’s good for their business. And good for yours,
too.
Help your customers take advantage of this tax break today. Tell
your customers today.
* Bonus depreciation is available for all businesses
and provides an immediate depreciation deduction of 50 percent of the
cost of new equipment and software placed in service during calendar
year 2009. For taxable years beginning in 2009, 100 percent of new
equipment and software purchases up to $250,000 can be expensed
immediately. To limit this benefit to small
businesses, the maximum immediate expense amount is reduced
dollar-for-dollar to the extent that a taxpayer’s total new
equipment and software purchases for the year exceed $800,000. (None
of this information should be construed as or constitutes tax
advice—please consult your tax adviser for a complete and
detailed analysis.) |
|
For
more on Section 179, visit the IRS website.
|
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