A GOOD TIME TO CONSIDER ACQUIRING EQUIPMENT

In reviewing your profit and loss statement, you realize your business had had a better year than you thought. Then you realize the tax bill you may be facing and wonder where you will get the cash to pay the bill!

There are things you can do this year to help reduce the amount of tax owed from your business success. By proactively managing your tax situation, you can eliminate surprises and preserve cash.

One of the best ways to do this is Section 179 Expensing.  This Internal Revenue Code allows small business owners to currently write off the purchase of equipment placed in service during the year instead of depreciating that equipment.

For 2009, a business can write off up to $250,000 of the cost of business equipment purchases. You should evaluate what equipment you need, acquire the needed equipment and place it into service before year end to quality. You can deduct the entire cost regardless of whether you paid for it!

You may also take a larger depreciation deduction for new equipment placed in service in 2009 through bonus depreciation.  See your tax professional for advice for your specific circumstances.   

Remember:  BEING PROACTIVE SAVES TAXES BEFORE YEAR-END

Contact your KleenRite Sales Professional for details.