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HOLIDAY HOURS: Connecting Point closing at 5pm New Year’s Eve

HOLIDAY HOURS: Connecting Point closing at 5pm New Year’s Eve

Connecting Point will remain open until 5 pm today (December 31st). This includes both sales and service departments.

If you’re a business owner, that means you still have time to take advantage of the IRSSection 179 deduction

IRS Form 4562 for claiming a Section 179 tax deductionWhat is Section 179, anyway?
When your business buys certain types of equipment, it usually writes them off a bit at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are for illustrative purposes only).

Now, while it’s true that this is better than no write off at all, most business owners would prefer to write off the entire equipment purchase price for the year they buy it.

That’s the purpose behind Section 179: To stimulate the American economy (and your business) to move in a positive direction. For most small businesses, the entire cost can usually be written off on their 2015 tax return. In fact, this year Congress raised the ceiling on the Section 179 deduction limit to $500,000.

So don’t miss out – talk to your financial advisor right away. If it makes sense, pick up the computer systems, devices, and peripherals your business needs to remain strong and competitive in the coming year. And Connecting Point will remain open until 5 pm on New Year’s Eve to help make that possible. We can even offer up to 18 months interest-deferred financing for qualified applicants.


For more detailed information about Section 179, visit the Section179.org website. We strongly advise talking to a qualified tax professional before making any decisions.

Still time to take tax deduction on 2014 business computer purchases (deadline 12/31)

Still time to take tax deduction on 2014 business computer purchases (deadline 12/31)

IRS Form 4562 for claiming a Section 179 tax deductionExcellent news for businesses: President Obama approved the extension of Section 179 to 2013 levels (as part of a larger tax extensions bill).

So what does that mean? Just this: Business owners will be able to deduct up to $500,000 worth of qualifying equipment and property* that were bought (or financed) and put to use in their business during 2014. That means you still have time to purchase new (or pre-owned) Macs, PCs, printers, all-in-ones, or iOS devices from Connecting Point and receive this deduction. Connecting Point can even deliver and install the new equipment for you.

But don’t delay: the deadline is December 31st (and please remember we’ll be closing at 5pm on that day).

*Many types of equipment and property qualify for the Section 179 tax deduction. Consult with your accountant or other trusted tax advisor to discover if the equipment you are considering is eligible.

Holiday Hours: Closing 6pm New Year’s Eve

Connecting Point will remain open until 6pm today (December 31st). This includes both sales and service departments. If you’re a business owner, that means you still have time to take advantage of the IRSSection 179 deduction.

Businesses may deduct the full amount for equipment purchases under Section 179What is Section 179, anyway?

When your business buys certain types of equipment, it usually writes them off a bit at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are for illustrative purposes only).

Now, while it’s true that this is better than no write off at all, most business owners would prefer to write off the entire equipment purchase price for the year they buy it.

That’s the purpose behind Section 179: To stimulate the American economy (and your business) to move in a positive direction. For most small businesses, the entire cost can be written off on their 2013 tax return.

So don’t miss out – talk to your financial advisor right away. If it makes sense, pick up the computer systems and peripherals your business needs to remain strong and competitive in the coming year. And Connecting Point will remain open until 6 pm on New Year’s Eve to help make that possible. We can even offer up to 18 months interest-deferred financing for qualified applicants.

For more detailed information about Section 179, visit the Section179.org website.