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Find out how adding a UV printer to your shop can change your business. More Info
Facts
| The Legend 72 HUV is the most flexible wide format UV curable printer on the market. Built for heavy duty print shop use, the Legend 72 HUV is equipped for both flatbed and roll feed printing, making it perfect for sign and banner shops that need the ability to print on rigid media as well as cloth, paper and vinyl. |
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Special Offers - Wide Format UV Printer Revolution
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New Tax Legislation Can Help You Sell More in 2008
H.R. 5140 – The Economic Stimulus Act of 2008 Spurs Business Investment A temporary change to the tax code that became effective February 13, 2008, makes it extremely beneficial for businesses to acquire capital equipment - machinery, computers, and other tangible goods, this year. The new legislation provides the following incentives:
Bonus Depreciation – Businesses investing in qualifying equipment can deduct an additional 50% of the cost of their asset in 2008 Businesses usually prefer to deduct the cost of equipment in a single tax year, rather than deducting a small amount over a number of years. Increased Expensing - Businesses placing less than $800,000 of equipment into service this year can immediately deduct up to $250,000 (up from $128,000) The new tax incentive plan for 2008 increases the threshold for capital spending from $510,000 to $800,000, which gives businesses a greater capacity for investment. Businesses that spend less than $800,000 in 2008 on equipment or property can now write off up to $250,000 (up from $128,000). The $250,000 deduction begins to phase out when businesses purchase more than $800,000 in 2008. What Does This Mean to Your Customers? Non-tax/capital leases, including $1 Buyout or Purchase Upon Termination (PUT) leases, give your customer the benefits of ownership, which include the ability to take advantage of H.R. 5140 for qualified equipment. The actual cost of equipment, when tax savings are taken into consideration, is extremely attractive. Take a look:
Example: Financed equipment that is put in use in 2008. Under the economic stimulus act, assuming a 35% tax bracket, net savings on the equipment would be:
Equipment cost: $350,000 1st Year Write Off: $250,000 ($250,000 is maximum write-off)
2008 50% Bonus Depreciation $50,000
Normal 1st Year MACRS Depreciation: $10,000 ($350,000-$250,000 - $50,000 = $50,000 / 5 = $10,000)* *Depreciation calculated at 5 years
Total 1st Year Tax Deduction: $310,000 ($250,000 + $50,000 + $10,000 = $310,000)
Tax Savings Assuming Rate of 35% $108,500 ($310,000 x .35 = $108,500)
1st Year Cost of Equipment After Tax Savings $241,500 ($350,000 - $108,500) Do the Numbers and Discover the Benefits with this Tax Calculator Please contact your tax advisor to determine the specific impact to your business. The tax savings examples above are for discussion purposes only and do not constitute tax or legal advice. For more information or updates on the tax code, please visit www.irs.gov or contact the IRS helpline at: 800-829-4933. |
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The best way to see how UV Printing is revolutionizing sign printing is to see it in action for yourself. That's why we open up our production center to let sign shop and print shop owners see exactly how wide format UV printing fits in. During your visit, you'll see how a single wide format UV printer has transformed our company's binding and lamination center. We'll show you how our Legend 72 HUV has lowered costs over cut vinyl and ink jet printing, increased our capacity and the business model that will replace traditional sign and banner printing over the next two years. |
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