Total System Leasing
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Total System Leasing
The new tax code for capital purchases now heavily favors leasing your entire system. You may now lease the full implementation, installation, training, hardware and software cost of your EMR System.
For practices that qualify, you may want to defer your first payment for up to 6 months as you get used to your new system. This is a very good option in these time of tight credit. Leasing companies are ready to take your project today. Please read the benefits of leasing under the IRS Tax Code for capital purchases for businesses. MedIT will assist you will selecting a company that best suits your need. We take no point for the introduction, this is part of our commitment to finding the best options for your budget
What is Section 179
Simply put...IRS tax code Section 179 allows businesses to deduct the full purchase price of qualified equipment purchased or financed in 2009. Click here for an example of the tax savings.
It's an incentive created by the US Government to encourage businesses to buy equipment and invest in themselves.
Qualifying equipment must be placed in service between January 1, 2009 and December 31, 2009.
Leasing and Section 179 Savings
The preferred way to utilize Section 179
Equipment leasing to utilize Section 179 is the preferred finance option for many businesses.
Non-Tax | Capital Lease
The benefit of a Non-Tax/Capital Lease is that it can take advantage of Section 179 and preserve you customer's cash flow with minimal monthly payments. In addition, your customers may depreciate any excess on the depreciation schedule for that asset.
Equipment Financing
Your customers may also obtain an equipment loan using an Equipment Finance Agreement (EFA) and still take the Section 179 Deduction.
Advantages of Leasing and Financing
The obvious advantage to leasing or financing equipment and then taking the Section 179 Deduction is the ability to deduct the full amount of the equipment, without paying the full amount this year. The amount you save in taxes can actually exceed the payments!
Section 179 Qualifying Equipment
Gears2In order to stay competitive all businesses need equipment/software. It's very likely that your customer's have purchased business equipment/software during the past year, and will do so again and again and again.
Section 179 is designed to help you sell more equipment/software in 2009.
- Equipment (machines, etc) purchased for business use
- Tangible personal property used in business
- Business vehicles with a gross vehicle weight in excess of 6,000 lbs
- Computers
- Computer software (off the shelf)
- 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.
Special Leasing Programs
Deferred payments for up to 6 months!
Don't miss out on these incredible tax advantages! We have a variety of programs to add value to your equipment/software.
Seasonal Payment Program
This program is perfect for companies experiencing seasonal highs and lows. The program runs from 24 to 60 months and can be customized to meet each business's unique budget and seasons.
Step-Down Payment Option
This is an ideal program for companies needing equipment that will immediately start producing revenue. This schedule allows customers to pay down more of the equipment during the early revenue-producing period, when cash flow is consistent. After this period, the payment decreases to ensure minimal impact on future cash flows.
Technology Upgrade Program
An absolute must for any company desiring to stay on the cutting edge of technology. This unique program gives our customers the option to periodically upgrade the equipment at no additional cost.
Deferred Payments Option
This is the preferred program for companies that are purchasing new equipment but expect to have a waiting period before revenue is generated. The deferred payment option allows no payments for 3 months, $99 payments for 6 months, or step-up payments for up to 60 months.
CalcSample Tax Saving Calculations
These are examples, please consult a tax advisor for details about saving money with Section 179.
Example 1
- *Equipment Cost: $300,000
- 1st Year Write Off: $250,000
- 50% Bonus Depreciation (on remaining value): $25,000
- Normal 1st year Depreciation: $5,000
- Total 1st Year Deduction: $280,000
- Tax Savings (Assuming a 35% Tax Bracket): $98,000
- Cost of New Equipment After Tax Savings: $202,000
Example 2
- Equipment Cost: $35,000
- 1st Year Write Off: $35,000
- 50% Bonus Depreciation (on remaining value): $0
- Normal 1st year Depreciation: $0
- Total 1st Year Deduction: $35,000
- Tax Savings (Assuming a 35% Tax Bracket): $12,250
- Cost of New Equipment After Tax Savings: $22,750
The Section 179 deduction is typically recognized on $1 finance options only.
