Leasing & Financing
Oticon Financing
Oticon can help you achieve your practice goals:
Why let funding be a barrier?
Please contact your Oticon Inside Sales Representative at: 1-800-526-3921
Section 179 Deduction
What is the Section 179 Deduction??
What is the Section 179 Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year in which they put the purchased equipment in to use. This means when you buy (or lease) a piece of qualifying equipment, you can deduct the ENTIRE purchase price from your gross income.
Advantages of Leasing and Financing
When taking advantage of the Section 179 Deduction, and placing the purchase on a lease, you can deduct the full amount of the equipment without paying the full purchase price this year! Essentially, it’s possible that your tax savings exceed the total amount of payments over the course of the year, making this a very attractive option for your bottom line!
Write off up to $125,000 in purchased equipment!
Under the current revised Section 179 guidelines, a company can deduct up to $125,000 in equipment purchased or leased during 2012 from their taxable income. The full benefit is extended to companies purchasing or leasing up to $500,000 in equipment, and then is phased out on a dollar per dollar basis. PLUS the 50% Bonus Depreciation is back, for equipment exceeding the deduction limit.
Section 179 Deduction Example
*The material provided is for information purposes only and is not meant to provide tax or financial advice. Please consult with your tax advisor. For the most up to date information, go to www.irs.gov.
Summit Funding Group, Inc. Your Trusted Partner for Success
Founded in 1993, Summit Funding Group, Inc. is headquartered in Cincinnati, OH with offices around the country. With over $750 million in leases funded, Summit has the resources, experience and financial strength to help your business grow.
Summit originates leasing transactions through numerous manufacturer, distributor and reseller relationships in all 50 states. We are a national lessor dedicated to helping you become more successful in expanding you practice. We offer highly competitive financing and leasing solutions for a wide variety of capital assets including computer, communications, networking, healthcare/medical or general office equipment as well as furniture, security & surveillance, material handling and software.











