Section 179 Can Save Your Business Money!
The Time is Right to Invest in Your Business:
Small businesses have had to contend with a lot recently, from skyrocketing fuel prices to a weak economy. But we did catch one break this year! In February, the U.S. Congress passed the Economic Stimulus Act of 2008, which includes favorable changes to how businesses can expense certain purchases under Section 179 of the tax code.
This year, qualifying businesses can expense up to $250,000 for Section 179 property which includes investing in GPS Fleet Management technologies for your fleet. This is almost twice what you could write off last year. In general, the benefit covers any qualifying goods that are purchased, put to work and kept in service during the 2008 tax year. The new law is a STRONG incentive to invest inGPS Fleet Management technologies for your business NOW, because unless it is renewed, the break is for the 2008 tax year only.
Studies have proven that businesses utilizing GPS Fleet Management technologies have reduce fuel consumption which results in lower operating costs AND reduced emissions. According to a recent study by the Aberdeen Group, the implementation of a GPS system provides an average 13.2 percent reduction in fuel costs. Fleet operators can minimize the impact of rising fuel prices by installing GPS Fleet Management systems in their vehicles. Although reducing fuel costs is a major factor in purchasing a GPS Fleet Management System, the solution also provides benefits such as reduced overtime pay and increased deliveries or service calls. The Aberdeen Group reports that implementing a GPS system reduces overtime costs by an average of 13.4 percent through increased efficiency and driver accountability.
In today's competitive marketplace, businesses must operate at peak efficiency to provide timely customer service and still be able to generate a profit. Your fleet represents between 50% and 70% of your total fixed assets. Whether you have a single vehicle or a fleet over 100, all businesses with vehicles on the road will benefit from our solutions.
Please contact us for more information and your free demonstration.
GPS Fleet Management
info@gpsfleetmanagement.biz
602.840.3337 - 866.358.2677
