When your business buys certain type of equipment, the typical write off is a depreciation over several years. For example, if your company spends $150,000 on a machine, it may mean you get to write off perhaps $30,000 per year for five years. While this is beneficial, imagine if you could write off the entire purchase price in the year you spend the money! That would be EVEN BETTER!
That is the premise behind the Section 179 tax incentive. The purpose is to stimulate the American economy to move in a positive direction, to motivate businesses to invest in themselves. For most small businesses, the entire cost can be written off in one year.
If you are interested in purchasing a new truck, now is the time. The Section 179 tax incentive requires you to complete your purchase and put your new truck in service by December 31, 2016. Talk to your accountant to be sure you qualify, look at the new trucks for sale at C&M Motors, then give us a call to get your new truck purchase underway.
There is no better time than now for a New Truck from C&M Motors
At C&M Motors, we’re here to help you get that great 2016 tax incentive. Contact us today to pick out the right new truck for sale to add to your fleet. We will get you on the road to great savings!
Happy Holidays from
C&M Motors – San Diego’s premiere Hino dealership!