We expect some good news from the U.S. Federal Government. In June, tax legislation passed in the U.S. House that would reinstate the amount of capital investments your pharmacy can apply to tax code Section 179, up to $500,000. (In January the government slashed your eligible amount to just $25,000.) Sander M. Levin, D-Mich. predicted that the Senate version would become law and that the tax break would be retroactively apply to all of 2014.
What does this mean? Real tax benefits when you invest in Kirby Lester dispensing technology. Section 179 is no "creative accounting" or "fun with numbers". Just real tax relief with Kirby Lester, whether you purchase or lease. Start by calculating your estimated tax savings and net after-tax cost below.
Or just contact us
to estimate your tax incentive when you purchase or lease any Kirby Lester technology in 2014.
What is Section 179?:
With the purchase or lease of a Kirby Lester tabletop dispensing system (like the KL1Plus, above) in 2014, your potential tax savings could be substantial. Contact us
to calculate your potential deduction.
It is not mysterious or complicated at all. Sec. 179 of the U.S. IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Sec. 179 is an incentive created by the U.S. government to encourage businesses to invest in themselves and stimulate the economy.
What is covered?:
The Sec. 179 deduction is available for most new and used capital equipment, and also includes costs directly associated with the installation of qualifying capital equipment (e.g., installation, training, delivery, any necessary remodeling costs such as electric drops). Any Kirby Lester device is covered by Sec. 179. Whether you buy or lease, you are still saving the maximum amount with Kirby Lester. For questions about Sec. 179, visit www.section179.org/index.html
This information is not intended or represented to constitute tax advice or your actual tax situation. Always consult with your tax advisor to determine your specific tax savings.