FINANCING / LEASING

Wading through all of the options available to finance your laser (or other equipment) can be time consuming and confusing. The members of The Laser Network have tried to simplify those options for you by working only with financial service providers who understand the unique environment of capital medical equipment. We can assist you in constructing a unique financing package designed to take advantage of all appropriate opportunities to save you money both up front and later in taxes. We know how valuable your hard earned money is and we pledge to save it for you every way possible.

Things you should know about the advantages of Leasing:

IRS Section 179
Under IRS Section 179, equipment purchases can be expensed (deducted from taxable income) if installed by December 31st. Finance leases ($1.00 buyout) qualify for this deduction in their year of inception. Qualifying property now also includes off-the-shelf computer software.

Enhanced expense limits - because of stimulus package 2008 

The new law almost doubles the amount of deductible Code Sec. 179 expensing for 2008 to $250,000 and increases the threshold for reducing the deduction to $800,000. It applies to property purchased and placed in service in tax years beginning in 2008.

This means for the first $250,000 in equipment put into service in 2008 your business gets a 100% tax deduction.  If you exceed $800,000 in equipment this expense is reduced.

The new law makes no changes to the general rules for the types of property that are eligible for expensing. Generally, the property must be tangible personal property, which is actively used in the taxpayer's business and for which a depreciation deduction would be allowed.

The property must be used more than 50 percent for business and must be newly purchased property. The existing exception for computer software applies to the enhanced expensing amounts under the new law.

To be eligible to claim bonus depreciation, property must be (1) eligible for the modified accelerated cost recovery system (MACRS) with a depreciation period of 20 years or less; (2) water utility property; (3) computer software (off-the-shelf); or (4) qualified leasehold property. The property generally must be purchased and placed in service during 2008.

*Contact your tax advisor for specific information regarding IRS Section 179 and all accounting procedures.

Qualified property is tangible, personal property with a MACRS recovery period of 20 years or less.

* No Rendering of Advice. The information contained on this page is provided for informational purposes only and should not be construed as rendering financial, tax, accounting, auditing, legal, consulting, investment or other professional advice of any kind. Your use of this Site does not give rise to a client, advisory, fiduciary or professional services relationship. You should consult with a tax professional or legal advisor familiar with your particular situation before making any decisions based on any information you view on this page.