Chris Berkel's Blog

  • Saving money & how to take advantage of section 179 as a business

    What is section 179 of the IRS code?

    Essentially, 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. That
    means that if you buy (or lease) a piece of qualifying equipment, you can deduct the full
    purchase amount from your gross income. When businesses are looking for those extra
    deductions, why not upgrade your technology and save money at the same time? The
    following things are available to deduct under this plan.

    • Equipment (machines, etc) purchased for business use
    • Phone Systems
    • Tangible personal property used in business
    • Business Vehicles with a gross vehicle weight in excess of 6,000 lbs (Section 179
    vehicle deductions)
    • Computers
    • Computer Software ( "off-the-shelf" software)
    • Office Furniture
    • Office Equipment
    • Property attached to your building that is not a structural component of the building
    (i.e.: a printing press, large manufacturing tools and equipment)
    Partial Business Use (equipment that is purchased for business use and personal use -
    generally, your deduction will be based on the percentage of time you use the
    equipment for business purposes.)

    Taking full advantage of section 179 is a way to upgrade technology and save tax
    dollars. In addition, remember my blog last week that talked about savings with SIP! Its
    November, but there is still time to implement a solution that will allow you to benefit
    greatly from enhanced or new technology with a major savings.

    Thu, November 11, 2010 (1 comment)
RSS Feed

Previous Postings

Menu

Customer Portfolio

Our Team

Insider Information

Insider Archive

Press Releases

Testimonials
 

Chris Berkel

Vice President of Diverse CTI, Chris over the last 13 years has strived and accomplished every major goal or milestone put in front of him in the sales and marketing field. He has been with three different companies over the time period where he received rookie of the year, trips, promotions, and led a sales team to number one out of 75,000 sales people nationwide giving a status that only few have achieved. Chris believes, although awards and trips are great incentives to drive any salesman, his main focus is to train and develop a sales team to help them reach their goals. Throughout his career, building teams that reflect real genuineness has been paramount. Currently in his sales career he is focused in the telecommunications and IT with Diverse CTI. Chris is passionate about the gifts that he has which have provided him a far-reaching success in assisting businesses in the area of technology.