Are you aware that your customers can deduct up to $25,000 of equipment cost in 2014?
Here is what is new with Section 179 in 2014:
For the upcoming 2014 tax year, Section 179 has been restored to its original limits of $$25,000 plus an adjustment for inflation.
This means that if you buy (or finance) a piece of Manitowoc equipment, you can deduct the Full Purchase Price (up to $25,000) from your gross income.
If you finance a piece of qualifying equipment or software with Manitowoc Finance, you can deduct the Full Amount of the Equipment (up to $25,000) without paying the full amount this year.
In fact, the amount you save in taxes could be greater than what you pay in the first year of a lease. Your equipment is making you money from day to day!
*Credit and equipment restrictions apply. This program does not assume your company will qualify to take advantage of IRS Section #179. Please consult your tax advisor or accountant for additional information. Equipment must be purchased and placed in service by 12/31/14.