Take Advantage of Section 179 to save big on technical furniture!
Save thousands while improving your work space with Formaspace!
It's called a Section 179 deduction. Here's how it works:
Qualifying businesses, which generally include businesses
which spend less than $500,000 a year on capital equipment,
can claim up to $125,000 in deductions on their federal income
taxes for capital equipment such as furniture systems in 2007.
That means huge savings for you, but you must act now to save!
If a company purchases up to $125,000 of benches from us, they may be able to write off the entire expense this tax year, saving tens of thousands of dollars in taxes. At a 35% tax rate, your savings look like this:
No Financing
| Benches | $125,000 |
| Less: Tax savings @ 35% | <$43,750> |
| Actual out of pocket cost: | $81,250 |
That's huge savings!
Now, what happens if you finance the purchase of your benches through your bank? If you make a 20% down payment and finance the remainder of the benches under a five year note:
With Financing
| Benches @ 20% down | $25,000 |
| Less: Tax savings @ 35% | <$43,750> |
| Actual out of pocket cost: | $18,750 |
In other words, you can actually gain a net cash inflow by purchasing furniture from Formaspace. With a deal like that, why not contact us today? For a free, no-obligation consultation, please call our design consultants directly at 1.800.251.1505!
