Specialty Graphic Imaging Association Digital Printing & Imaging Association
	Executive Summary September 2006

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It’s Like Money in the Bank!

Section 179 of the US IRS code is intended to help small businesses stay competitive by easing the purchase of new equipment. In simple terms, a small business buying less than $430,000 worth of equipment in one year, can take up to a $108,000 deduction immediately, without multi-year depreciation. That’s huge. Managed correctly, this tax savings can dramatically reduce the cost of employing new technologies.

Additional benefits of taking a Section 179 deduction:

• You have until the last day of the year to have the equipment in service to take the full credit
• The large one-time deduction lowers your earned income and adjusted gross income which can improve your overall tax situation

To take full advantage of Section 179, talk to your tax advisor and prepare a purchase strategy.

Taking advantage of section 179 isn’t hard, but it isn’t automatic – you need to file appropriately. Your tax advisor can help with the necessary tax form (4562 Instructions and Form 4562).

To be competitive in today’s marketplace, you need the right technologies. Your SGIA’06 purchases are perfectly timed for taking advantage of Section 179 tax benefits before the end of the year. SGIA’06 was the place to get the latest technologies and Uncle Sam has made it easier for you to make the purchase.

Instant gratification is a good thing.

For more details read Jump Start Your Purchasing Plans