Small business expensing. Under Code Section 179, a business can expense up to $133,000 of the cost of qualifying property (i.e. Xenetech engravers) in 2009. If the cost of qualified property placed in service during the year is more than $530,000, the ceiling for that business is reduced by the amount over the applicable limit.
The law makes no changes to the general rules for the types of property that are eligible for expensing. Generally, the property must be tangible personal property, which is actively used in the taxpayer’s business and for which a depreciation deduction would be allowed. The property must be used more than 50 percent for business and must be newly purchased property.
Let’s assume that your company wants to buy a new, large format Xenetech laser and will have sufficient taxable income this year before the purchase of equipment. We’ll further assume that you will take advantage of the Xenetech Fall Sale event as well.
New XLT 24" x 36" Xenetech Laser with 150-ips, color touch screen, and VCS plus many free accessories |
$23,995.00 |
Fall Sales Event Discount |
($1,500.00) |
Net Purchase Price |
$22,495.00 |
Tax Deduction from Income |
$22,495.00 |
Tax Liability Before Purchase* |
$13,750.00 |
Tax Liability After Purchase* |
$8,126.25 |
Tax Savings* |
$5,623.75 |
Total Savings (Tax* + Discounts) |
$7,123.75 |
Percentage Savings* |
30% |
*Important - The calculations above are only estimates. Your situation may vary materially from this example. Consult with your tax professional for information applicable to you and your business concerning tour tax deduction eligibility, liability, and savings. Model assumes $75,000 pre-deduction taxable income with 25% tax rate.
Take $500 to $2,500 off PLUS RECEIVE $3,300 in FREE SOFTWARE bundled with the purchase of any size Xenetech Rotary Engraving System. All systems are equipped with Xenetech Viper Electronics and the proven durability you have come to expect from Xenetech Engravers.
Includes:
XGW Engraving Software ($1,000 value)
Drawing Tools Upgrade ($395 value)CorelDraw® Driver ($249 value)
Spell Check ($295 value)
All Fonts Library ($1,000 value)
Viper Communication Suite ($395 value)
Save $500 to $2,500 on certain Xenetech Laser Engraving Systems PLUS receive a $3,300 Free Software Bundle. Choose from an extensive list of options including bed size, motor technology, speeds, and laser power.
Includes Air Assist ($449 value)
Take $1,500 off the purchase of Viper Electronics with new color touch screen to retrofit your existing table. The $1,500 includes trade-in credit for your old Xenetech electronics.
Engraving is your business. Protect your interests by opting for an extended warranty for your Xenetech Engraving System. Invest in a warranty extension at the time of purchase. If you missed THAT opportunity, you needn't worry. Xenetech Extended Warranty Protection Plans are also available for many machines with long service records. Click the link below for more information. Act soon and you can SAVE UP TO 50% on new system extended warranty and support contracts and 25% on renewals.
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