End of Year Tax Benefits for Businesses

Here’s another news flash from our friends at the Apple Consultants Network.  BestMacs knows less-than-zero about tax laws but we do know Snow Leopard Server.  We’re installing Mini Servers left and right in December – and even if your project is too big in scope to complete before end of year, buying your gear and our pre-paid onsite service plans mean that you get the expense (including labor) on your 2009 returns even though the work gets done in January!

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BestMacs can help you take advantage of extended year-end tax benefits.

Take advantage of favorable 2009 tax-year benefits for businesses by purchasing new hardware and software technologies for your business from Apple before December 31.

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. Most types of business equipment qualify for this deduction, offering small businesses a great opportunity to maximize their purchasing power.

Here are a few key points about Section 179 deductions:

• Buying new equipment can be profitable for the tax year because the tax savings often exceed the first year’s payments (assuming a 35% tax rate).
• Businesses can take full deductions for purchases up to $250,000 (only for 2009) if overall spending is less than $800,000.
• Businesses can take advantage of accelerated depreciation for amounts over $250,000 in 2009.
• Eligible property includes computer hardware and off-the-shelf (boxed) software that has been acquired by purchase for business use.
• New and used equipment qualifies for deduction as long as it meets eligibility criteria.

We encourage you to consult with your tax advisor to find out if your hardware and software purchases qualify for deduction under Section 179.

As a member of the Apple Consultants Network, we are uniquely qualified to recommend solutions based on the latest Apple technologies. Give us a call and we can:

• Recommend purchases that support your business objectives
• Coordinate product acquisition and services with your local Apple Retail Store or with Apple’s Business Sales team.
• Install and integrate your systems
• Provide personalized training

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