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 We know money matters. Monettech understands how important the budgeting and financing of information technology and telephone services and systems can be to an organization. Our staff realizes how helpful it can be to remind companies that there are approaches to the finance side of the technology equation that allows a company to use money's more wisely. Take advantage of IRS Section 179 Expense Deductions We are neither accountants nor lawyers, but we have worked with businesses long enough to recommend they take advantage of the allowances available to them. Most small and medium businesses are eligible to take advantages of the IRS Section 179 Expense deduction. In 2002 this allowance is $24,000 for capital expenditures, which includes computer and networking equipment as well as other capital equipment. In 2003 and beyond this deduction increases to $25,000. If your organization is a for profit entity we encourage you to discuss the 179 Expense Deduction with your accountant so you can understand how it might apply to your business. For more information you can also refer to www.irs.gov website. Enter "Section 179" (without quotes) in the search window, and a number of documents explaining the deduction will be made available to you. |
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Phone: (703) 442-3500 Fax: (703) 442-0505 info@monettech.com latitude: 38° 56' 14.6" N longitude: 77° 10' 37.0" W |
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2002, Monettech, L.C. : Terms of Use |
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