Tuesday, November 18, 2008

Get Your 50% Depreciation and Dell Optiplex

Back in July I posted a review of the Economic Stimulus Act and it's benefits for small business. Below is the summary of what it contains for small business. You can read my full post here: http://smalltechnotes.blogspot.com/search?q=economic+stimulus+act+of+2008 Just keep in mind that I'm not an accountant, so before you make a purchasing decision check with one.

  • Depreciation bonus at-a-glance
    The Economic Stimulus Act allows additional first-year depreciation of 50 percent of the purchase cost.
    The depreciation bonus helps businesses that buy equipment this year cut their 2008 tax bill.
    The bonus applies to purchases of tangible personal property with tax lives of 20 years or less, among other things.
    Equipment must be purchased and placed in service in 2008.
  • Section 179 expensing at-a-glance

    The Economic Stimulus Act nearly doubles the Section 179 expensing limit to US$250,000 from US$128,000.
    Companies can expense up to US$250,000 in purchases as long as they don't spend more than US$800,000.
    New and used equipment is eligible for expensing.
    The expensing limit can be combined with the depreciation bonus.

***I also wanted to mention to you a great deal that Dell is having currently on Optiplex desktop computers. These make great general office computers. Check out the Optiplex 360. For $529 you get a flat screen monitor, 4Gb of ram and Vista Business edition. (or XP) Dell won't have this offer for long. http://configure.us.dell.com/dellstore/config.aspx?oc=bpdq3gm&c=us&l=en&s=bsd&cs=04&kc=features~hot_offers_dt

Happy Shopping!



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