Purchase NetWrix Software in 2012, and Save on Your Taxes
Recent amendments to US tax regulations may mean that you are eligible for major savings on your taxes in 2012. Section 179 of the US IRS tax code allows businesses to write off the complete costs of any qualifying software purchased in 2012. If you've been thinking about buying software for your business, then this is definitely the year to do it.
In other words, any business that buys software from a vendor like NetWrix Corporation is permitted to deduct that entire purchase price from their 2012 gross income. Savings can be significant, and both small and large businesses are invited to take advantage by purchasing software from NetWrix.
Learn More about Section 179
Section 179 of the US IRS tax code was developed by the American government as a vehicle for inviting American businesses to invest in one another by purchasing applicable software or equipment from product vendors. Section 179 is one of the few incentives directly geared toward helping local organizations, and although large businesses can also benefit, the original intent of the decree was to provide major tax relief for small businesses. Please visit section179.org for more details.
How it works
Before 2011 when any given business purchased software or other relevant equipment from another vendor, that business could then write off the cost of the purchase through fractional time depreciation, which often lasted as long as five years. For example, this would enable a business that made a $5,000 purchase from NetWrix Corporation to write off $1,000 a year for five years.
Now small and large businesses are enabled to write off the complete cost of a qualifying purchase all in the year that it was made. In other words, a business that makes a $5,000 purchase from NetWrix in 2012 will be able to write off all $5,000 in their 2011 tax return.