FREE Webinar Explaining Section 179
Considering new construction accounting software to help manage job costs, simplify payroll, and improve reporting, among other things? Know that there's a tax advantage that can be applied toward this type of purchase, but not quite sure how it all works?
Then join construction tax expert David O'Brien of Weber O'Brien Ltd., and construction accounting software specialist Steve Antill of Foundation Software on Tuesday, November 19th, 2013 as they walk you through the many advantages of making an accounting software purchase before year-end. You'll learn how this year's increased Section 179 limits can possibly provide your construction business with a substantial tax savings. You'll also see first-hand how a construction-specific accounting software like FOUNDATION® can help your growing business get a better handle on your jobs, accounting functions, and reporting.
So if you're considering new construction accounting software and don't want to miss out on this year's increased Section 179 limits, register for this informative webinar. Space is limited.
What You'll Learn During This 60-Minute Session:
Taking Advantage of Section 179
• What is Section 179?
• What qualifies for the Section 179 Deduction?
• Which software purchases qualify?
• How do I elect to take the deduction?
A Demonstration of FOUNDATION
• Process complex payrolls quickly and easily
• Perform powerful job cost reporting and analysis
• Automatically create construction reports (Certified Payroll, Estimated vs. Actual, Production, Bonding, etc.)
• Choose flexible billing options (AIA, percentage complete, time and material, free form)
Save Big On Accounting Software with Section 179
The Section 179 Tax Deduction is active again for 2013, and it can be used to help contractors save on most new and used capital equipment, including software packages. Here’s a quick breakdown of the Section 179 guidelines:
· 2013 Deduction Limit = $500,000.00
· 2013 Limit on Capital Purchases = $2,000,000.00
· 2013 Bonus Depreciation = 50%
· Who Qualifies for Section 179? – Businesses that purchase, finance, and/or lease less than $2,000,000.00 in new or used business equipment during tax year 2013 should qualify for the Section 179 Deduction*. If a business is unprofitable in 2013, and has no taxable income to use the deduction, that business can elect to use 50% Bonus Depreciation and carry-forward to a year when the business is profitable.
· Act Now! – Tax laws continue to evolve, and the Section 179 Advantage can change at any time without warning.
And as we get closer to year-end, now is the perfect time to consider purchases on new equipment and software that could help your business—and allow you to take advantage of attractive tax savings !
*Contact your CPA or tax specialist to see what benefits your company would qualify for.
Two Sides of Cash Flow Reporting
Read our article to learn more about the two sides of cash flow reporting.
Educational Videos from Foundation Software
At Foundation Software, we're dedicated to giving contractors the resources they need to educate themselves about construction accounting, and make the best software decision. Check out our video page for informational (and entertaining!) videos about FOUNDATION construction accounting software.
For more information, call 800-246-0800 today!