Tom Walker

Section 179 Snert

In "Foots in the door", Business Strategy on November 19, 2009 at 5:06 pm

BTW, “snert” is a thick pea soup from the Netherlands consumed mostly in the winter (yeah, yeah, I know.. the soup thing is getting out of hand)  Likewise, Section 179 stimulates consumption of technology projects by your customers and prospects this winter — specifically before the end of the year.

Thanks to Stephanie Meek, Channel Account Manager for Extreme Networks for giving me a primer on this. If you know about it already — congrats. If not, you need to get your arms around this. Section 179 is an IRS tax code that allows businesses to deduct the full purchase price of qualifying equipment purchased or financed before the end of the tax year.  I’m simplifying, but businesses can take up to a 250k deduction and a bonus depreciation of 50% on the amount that exceeds the 250k (Barack added that little part).

Check out http://www.section179.org/index.html and http://www.crestcapital.com/tax_deduction_calculator.

Good Selling,

Tom

 

You must be logged in to post a comment.