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Equipment Leasing

Financing equipment allows businesses to get the equipment they need without affecting bank or credit lines. No matter the type of business, you need the proper equipment to efficiently compete and flourish. Thats why Lease Corporation of America provides financing options for Smith Hamilton / Southern Tool: so your business can reach its full potential.

Tom Donnelly Sr. Account Executive
P: 800-800-8098   F: 800-736-0218
P: 248-743-5212   F: 248-743-3213
Email: tdonnelly@leasecorp.com
 

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** Limited Time Offer = 90 Days No Payments **
 

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Click on the Logo Below for an Online Application for Consumer Accounts

Call Zach today @ 855-277-1456 for More Details
 

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Equipment Leasing Solutuions

Zachary Kaija
Business Development Manager
 
16 New England Executive Park, Suite 200
Burlington, MA 01803
 
Direct: 855-277-1456
Fax: 781-994-4961
zachary.kaija@timepayment.com

Keep Money in Your Pocket!

What is the Section 179 Deduction?
Section 179 of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for the deduction. The equipment purchased, financed or leased must be within the specified dollar limits of Section 179, and the equipment must be placed into service in the same tax year that the deduction is being taken (for example, the equipment must be put into service between January 1st and December 31st of the year the deduction is to be taken.)

Important Changes to Section 179 in 2016: The deduction limit for Section 179 is now $ 500,000 and the 2016 Section 179 deduction threshold for the total amount of equipment that can be purchased is now $ 2,000,000! 

Another great part of section 179 is that there is a 50 percent bonus depreciation for the tax year 2016 and it has been extended through 2019.  What that means is you can deduct an additional 50 percent of the amount over $ 500,000 in addition to your standard depreciation deduction. This applies to equipment acquired and put into service during 2016 and 2017. Unfortunately at this point though the bonus depreciation will phase down to 40 percent in 2018 and 30 percent in 2019.