Tuesday, February 20, 2007

Tax Break on POS Software & Equipment

A new tax law makes it easier for retailers to upgrade to a new retail management system. For businesses, under the new Tax Increase Prevention & Reconciliation Act of 2005, the most lucrative piece of the law is a huge increase in the Section 179 first-year depreciation allowance for equipment to $112,000 as of January 1, 2007. It was originally $25,000. Under this tax break, businesses can immediately deduct 100 percent of the cost of most new and used business personal property, including computer software.

Contact an OSD Sales Consultant to take advantage of this tax incentive and achieve maximum tax benefits. The consultant can also give you a free retail business analysis to determine your technology needs. Email clientrelatations@onestepdata.com.