Are you looking to buy restaurant pos for your new restaurant or planning on replacing your outdated pos hardware and software?If your answer is yes than let me tell you why this is the best time of the year to make your pos purchase.
The section 179 Business Equipment Deduction
Section 179 of the IRS tax code allows businesses to deduct full purchase price of qualifying equipment (point of sale hardware, restaurant software) that are purchased or financed during tax year. It means that if you purchase or even lease a qualifying hardware and software you can deduct the full purchase price from your income. This is designed by US Government to accelerate business investment. To qualify for section 179 deduction, purchases has to be placed in between January 1, 2010 and December 31, 2010. All business that purhase or finance less than $2,000 in business equipment during tax year 2010 should qualify for section 179 Deduction. Your company can lease or finance pos software and hardware and still take full advantage of Section 179.
So if you are still on the sidelines waiting, give us a call to take our exciting lease/purchase offers on top of great savings on your next point of sale purchase.