Business Guidance

Businesses – Save with Section 179

If you’re looking to acquire equipment in the near future or are a supplier looking to save your customers money, act now and save with Section 179. Utilizing Section 179 could have a significant impact on the effective after tax cost of equipment/software purchased and put into service in 2018.*

  • Covers new and used equipment/software^
  • Maximum deduction limit of $1,000,000

Take the full tax benefit now and spread your expense over a multi-year financing term to considerably reduce your true cost of ownership. For a limited time only, you can stack your deductions with our ‘No Pay Till Tax Day’ offer to truly maximize your savings!

Consider this example for equipment costing $50,000:

Equipment Cost …………………………………..$50,000

Section 179 Expense Deduction……………..…..$50,000

Effective Tax Bracket………………………………35%

Total First Year Section 179 Deduction…………$50,000

Tax Savings from Use of Section 179………..…$17,500

Net Cost After Section 179 Savings……….…$32,500

And, the first payment isn’t due until April 2019! Contact Univest Capital at 866-604-8160 or CapitalSales@Univest.net to find out more, but hurry this opportunity expires December 31, 2018.

 

Offer limited to approved applications received between December 18, 2018 and December 31, 2018 and closed on or before December 31, 2018. First payment will be in April 2019 based on the funding date of the loan. Offer is subject to approval and may be withdrawn without notice. $1.00 purchase option and $150 documentation fee required.

*Please consult with your tax advisor on how you can use equipment financing to take advantage of the Section 179 tax savings or visit https://www.irs.gov/ for additional information. Section 179 deductions are not automatic and qualifying taxpayers who want to take advantage of the deduction must elect to do so on Form 4562. For Section 179, eligible property must be acquired for use in the active conduct of your business and must be put in use by December 31, 2018 to qualify. Other rules and limitations may also apply.

^May not apply to custom software. Please speak with a Univest Capital representative for additional information.

Financing provided by Univest Capital, Inc., a subsidiary of Univest Bank and Trust Co. Equal Opportunity Lender.


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