You Could save Thousands on Your Cart
Hey, folks! If you’re considering buying a hot dog cart or catering trailer, now is the time! Besides the big year end clearance sale going on, you can take advantage of a tax law to deduct a portion of the cost, resulting in even more money saved! If you’re not familiar with Section 179, here’s a quick explanation of how it can save you money. It was designed with small businesses in mind.
Section 179 in a Nutshell
Say you’ve bought a $4,000 piece of equipment (such as a food cart) for your business. Under normal depreciation rules, you would only receive a portion of the cost in deductions each year over its useful life. Now, under Section 179, you can deduct the entire $4,000 from your net income in the first year you own it. So, assuming a 35% tax bracket, you will have a tax savings of $1,400, meaning a lowered cost of equipment to $2,600.
Buy Now to Get Savings
If you want to take advantage of this tax benefit, be sure to make your purchase before the end of 2016! If you’re really interested in saving the MOST money, join the Hot Dog Mafia to get a discount on your purchase. And it works with financing, too.
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