Calibrated S.P.S.
works with Paramount Financial Services to provide a wide variety of
commercial equipment financing & leasing programs to meet the
changing needs of our valued customers. Our competitive leasing
programs can help established and start-up companies to acquire new and
used equipment for their operations. We can offer leasing options for
virtually every piece of equipment found on the Calibrated S.P.S.
website. Contact us with your questions, we are sure to have a solution
to meet your unique business requirements.
Specialty Lease Program Benefits Include:
- Approvals from $3000 to $5 Million
- Single Page Application For Up To $75,000
- Automatic 5% Discount For All Leases Over $5000
Leasing can provide your company
with a substantial year end tax advantage you simply cant obtain
when you purchase your equipment using a traditional
bank loan, or with cash from after tax profits. Capitalize on your tax benefit
this year via the IRS Section 179
allowing businesses to write off up to $112,000 in
leased equipment the first year. Alternatively, you may opt to write off 100% of
each monthly lease payment as an operating expense
throughout the entire term of the lease.
An Illustration
of tax savings through IRS section 179.
Compare taxes paid, in the examples shown below. The first table
example shows tax liabilities with no equipment leased, or other
deductions on $125,000 of taxable income.
No equipment leased
| None
| Equipment Cost: | $25,000 | Equipment Cost:
| $102,000 |
Taxable Income:
| $125,000 | Taxable Income:
| $125,000 | Taxable Income:
| $125,000 |
Equipment Leased:
| $0.00
| Equipment Leased:
| $25,000
| Equipment Leased:
| $102,000
|
|
|
|
|
|
|
Taxable Income:
| $125,000 | Taxable Income:
| $100,000 | Taxable Income:
| $23,000 |
Tax Bracket:
| 39%
| Tax Bracket:
| 39% | Tax Bracket:
| 39% |
|
|
|
|
|
|
Taxes Paid:
| $48,750
| Taxes Paid:
| $39,000
| Taxes Paid:
| $8,970
|
Your actual tax savings may depend on other variables. The IRS section 179 tax savings generally only applies to leases classified as "capital leases" for accounting purposes. You should consult a tax advisor for advice. To take advantage of IRS section 179, you must take possession of the equipment prior to the fiscal year-end.
Retain Capital Strength:
Purchase
the equipment and technology you need today while spreading your
payments affordably across time. This allows you to reserve your
capital for other day-to-day expenses. Because a lease is not
considered a long-term debt or liability, it does not appear as debt on
your financial statement, making you more attractive to traditional
lenders when you need them.
Speed:
Leasing
allows you to respond quickly as your need for equipment and technology
arises. You can be approved for financing within hours through minimal
documentation and you can have the equipment you need in operation and
producing profits for your business, quickly and without hassles.
Flexibility:
As
your business grows and your needs change, you can add to or upgrade
your lease at any point through add-on leases or master leases. If you
anticipate growth, be sure to negotiate that option when you structure
your lease program. You also have the option to include installation,
maintenance and other services, if needed.
Avoid obsolescence:
Leasing
is an extremely attractive option for all your equipment purchases
because technology becomes outdated very quickly. With a lease, your
risk of getting caught with obsolete technology is lower because you
can build upgrades and add-ons into the lease.
Customized solutions:
Leasing
allows you to structure a financing program that addresses your key
business issues, including: cash flow, budget, transaction, and
cyclical fluctuations. For example, some businesses request seasonal
leases, which allow them to schedule their payments during their
busiest months allowing them to better align their expenses and
revenues on a monthly basis.
Tax advantages:
Write
off up to $115,000 on your 2008 taxes. The IRS does not consider an
operating lease to be a purchase, but rather a tax-deductible overhead
expense. Therefore, you can deduct the lease payments from your
corporate income. Consult your tax advisor about your specific
situation.
Asset management:
A
lease provides the use of equipment for specific periods of time at
fixed payments. It assumes and manages the risk of equipment ownership.
