FWC Year-end Special Program
- 1% of the financed amount for the first 12 months
- 60 months thereafter, in total 72-month term
- Industry low rates
- Can prepay the loan after 12 months of on-time payments for the principal balance
- First 12 months are principal and interest payments
- The program is Section 179 compliant
Section 179 of the United States Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. With two months left in 2022 business owners may think they have plenty of time to consider qualifying equipment purchases but several factors make it urgent for businesses to act now.
News Alert: The 2022 Section 179 Deduction Limit for Businesses is $1,080,000
Jan 4, 2022 – The Section 179 deduction for 2022 is $1,080,000 (up from $1,050,000 in 2021). This means U.S. companies can deduct the full price of qualified equipment purchases, up to $1,080,000, with a “total equipment purchase” limit of $2.7 million (up from $2.62 million in 2021). The deduction includes both new and used qualified equipment.
In addition, businesses can take advantage of 100% bonus depreciation on both new and used equipment for the entirety of 2022. Remember to keep supply chain issues and delivery times in mind when making your Section 179 purchases for 2022.
Section 179 Qualified Financing
Using Section 179 with an Equipment Financing Agreement might be the most profitable decision you make this year.
Why? Because the taxes you save with the deduction will almost always exceed your cash outlay for the year when you combine (i) a properly structured Equipment Finance Agreement with (ii) your Section 179 deduction.
Use this page as a guide to combining Section 179 with financed equipment. You’ll see it is not only a bottom-line enhancing tool that allows you to add new equipment, vehicles, and/or software to your business, but it also directly allows you keep more of your hard-earned money by paying fewer taxes.
Section 179 Bonus
Contributing to your bottom line, the financing Section179.org recommends comes with a ‘$179 Bonus per $10,000 Financed’ for a limited time during the 2022 calendar year.
This means that you (a) get your equipment, vehicles, and/or software now, (b) get to take full advantage of the Section 179 deduction in 2022, and (c) get bonus cash as well.
Click this link for details: Section 179 Qualified Financing Plus Bonus
If you’re considering purchasing equipment for your business, act now. Current interest rates are incredibly low and based on rising inflation, may go up by as much as 75 basis points. If you have questions regarding equipment financing, please contact us at firstname.lastname@example.org.