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Tri-Lease • November 11, 2022

It's Never Too Late To Start Saving Money!

 

This is the Last Month to take advantage of Section 179.
Year end is when many small businesses look closely at what their final tax liabilities might be. Many businesses tend to make their equipment investments at years end because of this.


Did you know that your company can finance equipment and still take full advantage of the Section 179 deduction*? Section 179 essentially allows you to deduct the full purchase price of equipment as well as off-the-shelf software* that you have financed or leased for this calendar year. You avoid complicated depreciation schedules and keep your cash reserves intact.


Interested to see How Much Money Can Section 179 Save Your Business? 

Our easy to use calculator** that will help you estimate your savings.


For more details on limits and qualifying equipment please visit the link to the current Fact Sheet from IRS about new rules and limitations under that Tax Cuts & Jobs Act. Use Form 4562 to claim your Section 179 deduction.


Remember Tri-Lease has a large vendor network to offer equipment leasing options for any type of business. We can also help defer your payments for 90 days so you make no payments until 2023, yet claim the entire purchase on this years books.


So What are you waiting for Contact us or Apply Now to get something started today!

 *Some Restrictions apply. Also, Due to current supply chain Issues there are no plans to waive the “put into service” requirement. So your equipment must be purchased and put into service by midnight December 31st.


**  Please note this calculator takes into account the the 2022 tax year deduction limits and spending caps. Tri-Lease is not an accounting firm. Please make sure to consult your personal tax advisor on any tax information. Credit & equipment restrictions apply. This program estimates a tax rate. Your actual tax rate and savings may vary. Tax benefits may vary by type and class of property purchased, use of property, the time when property acquired, & individual taxing situations. Your individual tax situation may affect your ability to utilize the elections. Please consult your tax adviser or accountant for additional information. Equipment must be purchased and placed in service by 12/31/22.

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