With current incentives available, you can reduce your taxes and gain new office multifunction technology thereby increasing your office’s efficiency and productivity.
Better bottom line
Two Key provisions are available to expense capital investments under an expanded federal package:
- Section 179 expensing per item deduction limits up to $500,000. Businesses exceeding a total of $2 million of purchases in qualifying equipment have the Section 179 deduction phase-out dollar-for-dollar and completely eliminated above $2.5 million.
- 50% Bonus Depreciation will be extended through 2019. Businesses of all sizes will be able to depreciate 50 percent of the cost of equipment acquired and put in service during 2017.
VersaLink C405 Example
Let’s check out an example of purchasing the new Xerox VersaLink C405 and utilizing Section 179 tax incentives. The C405 comes standard with Copy/Print/Fax/Network Scan & Scan to Email. The large touch screen user interface makes it easier to perform scanning and other functions. The C405 is mobile print ready and able to print & scan from popular cloud databases including DropBox.
Purchase Price: $975.00
Limited Time Reduced Price: $650.00
Qualified Capital Value: $650.00
Total Deduction for ’17: $650.00
Tax Cash Savings ’17 (@35%): $227.50
Net Lower Cost w/ Tax Savings: $422.50
* These are only guidelines & any calculations are for illustrative purposes only. Your facts and situation may cause a different result. You should consult your own tax & financial advisors to review and asses factors that may apply to your business and tax situation.
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Just·Tech is a technology company founded in 2006 providing office supplies, Print Solutions, Network & IT Solutions, custom Xerox App Solutions, office furniture and office supplies.
Through our Print Solutions, we offer sales and support for Xerox copiers & printers. We also provide supplies & service support for HP, Lexmark, Dell and Brother printers. Currently we are managing thousands of copiers & printers making millions of impressions every month.
With our Network Solutions, we provide Managed Network Services & IT Support to more than 70 small businesses, non-profits and religious organizations. We specialize in proactive support and provide onsite & remote assistance.
Just·Tech is the first Xerox certified Personalized Application Builder Authorized Developer in the United States. With our App Solutions, we create custom apps for Xerox multifunction copiers that increase efficiency and improve workflows. There are more than 22,000 apps that we have created installed on Xerox devices across the globe.
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