bake - January 2013 - 14
tax tips
Equipment Deductions
Section 179 was designed with businesses in mind. That’s why
almost all types of “business equipment” qualify for the Section
179 deduction.
All businesses need equipment on an ongoing basis, be it
machinery, computers, software, offi ce furniture, vehicles or
other tangible goods. It’s very likely that your business has
purchased many of these goods during the past year, and will do
so again and again. Section 179 is designed to make purchasing
that equipment during this calendar year fi nancially attractive.
Keep in mind that to qualify for the Section 179 Deduction, the
equipment listed below must be purchased and put into use
between Jan. 1, 2012, and Dec. 31, 2012.
Equipment purchased for business use
Tangible personal property used in business
Business Vehicles with a gross vehicle weight in excess of
6,000 lbs (Section 179 Vehicle Deductions)
Computers
Computer “Off -the-Shelf” Software
Offi ce Furniture
Offi ce Equipment
Property attached to your building that is not a structural
component of the building (i.e.: a printing press, large manufacturing
tools and equipment)
Partial Business Use (equipment that is purchased for business
use and personal use: generally, your deduction will be
based on the percentage of time you use the equipment for
business purposes).
Section 179 can change each year without notice (Section 179
has even changed mid-year), so it benefi ts you to take advantage
of this generous tax code while it’s available.
Section 179 off ers small businesses a great opportunity to
maximize purchasing power. In addition, the recent Stimulus
Acts have provided the small business owner with generous
new (and higher) deduction limits.
Most of the equipment your business will purchase, fi nance
or lease qualifi es for the deduction, so make sure you do
your homework to verify that your company is leveraging the
Section 179 Deduction this year.
14 < JAN 2013 | bakemag.com
http://www.bakemag.com
bake - January 2013
Table of Contents for the Digital Edition of bake - January 2013
bake - January 2013
Editor's Note - The Expansion Issue
Table of Contents
News Bites - Yankellow Joins King Arthur Flour
Rich Products Adds to Portfolio
Make a Cake Face is Back
Lawrence Foods Earns Sustainability Award
California Passes Homemade Food Act
Management - Handing Off the Keys
Tax Tips - Equipment Deductions
Alternative Funding
Labor Front - Wage Trends
Legislation - Subsidies & the Farm Bill
Ingredients - Reformulating with Whole Grains
Honey: Local & Clean
Fundamentals of Raising Capital
Prepare and Be There
RBA Roadshow - On the Road to Success
Local Connections
More Growth for Tim Hortons in 2013
Ombre Fades into the Spotlight
Extreme Cupcakes
Cafe - Breakfast is Booming
Products
Marketplace
Ad Index
bake - January 2013 - bake - January 2013
bake - January 2013 - 2
bake - January 2013 - Editor's Note - The Expansion Issue
bake - January 2013 - 4
bake - January 2013 - Table of Contents
bake - January 2013 - 6
bake - January 2013 - 7
bake - January 2013 - Make a Cake Face is Back
bake - January 2013 - Lawrence Foods Earns Sustainability Award
bake - January 2013 - California Passes Homemade Food Act
bake - January 2013 - 11
bake - January 2013 - Management - Handing Off the Keys
bake - January 2013 - 13
bake - January 2013 - Tax Tips - Equipment Deductions
bake - January 2013 - Alternative Funding
bake - January 2013 - Labor Front - Wage Trends
bake - January 2013 - 17
bake - January 2013 - Legislation - Subsidies & the Farm Bill
bake - January 2013 - 19
bake - January 2013 - Ingredients - Reformulating with Whole Grains
bake - January 2013 - Honey: Local & Clean
bake - January 2013 - 22
bake - January 2013 - 23
bake - January 2013 - 24
bake - January 2013 - 25
bake - January 2013 - 26
bake - January 2013 - 27
bake - January 2013 - 28
bake - January 2013 - 29
bake - January 2013 - Fundamentals of Raising Capital
bake - January 2013 - 31
bake - January 2013 - 32
bake - January 2013 - 33
bake - January 2013 - Prepare and Be There
bake - January 2013 - 35
bake - January 2013 - 36
bake - January 2013 - 37
bake - January 2013 - RBA Roadshow - On the Road to Success
bake - January 2013 - 39
bake - January 2013 - 40
bake - January 2013 - 41
bake - January 2013 - Local Connections
bake - January 2013 - 43
bake - January 2013 - More Growth for Tim Hortons in 2013
bake - January 2013 - 45
bake - January 2013 - 46
bake - January 2013 - 47
bake - January 2013 - Ombre Fades into the Spotlight
bake - January 2013 - 49
bake - January 2013 - 50
bake - January 2013 - 51
bake - January 2013 - Extreme Cupcakes
bake - January 2013 - 53
bake - January 2013 - 54
bake - January 2013 - 55
bake - January 2013 - Cafe - Breakfast is Booming
bake - January 2013 - 57
bake - January 2013 - 58
bake - January 2013 - 59
bake - January 2013 - 60
bake - January 2013 - Products
bake - January 2013 - 62
bake - January 2013 - Marketplace
bake - January 2013 - 64
bake - January 2013 - 65
bake - January 2013 - Ad Index
bake - January 2013 - 67
bake - January 2013 - 68
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