Uncle Sam has a limited time offer for you to grow your business and enhance your office space. Thanks to the new tax laws, businesses now have a great incentive to explore new avenues for expansion. The “Tax Relief, Unemployment Insurance, Reauthorization, and Job Creation Act of 2010” provides an unprecedented opportunity for the use of modular office systems. At Starrco, we take a close look into new legislation relevant to our industry and are happy to share the advantages for our current and potential customers.
These new, albeit temporary, tax laws allow you to invest in modular office systems for your business. Here are the stipulations:
- Those who choose to invest in 2011 will be able to recover 100% of the costs, as long as the equipment to be used is new.
- Used materials or equipment, as listed in Section 179, must be purchased and put into use within the 2011 calendar year and can be expensed up to $500,000.
- As of January 1st, 2012, businesses will only be able to expense $125,000 of the construction costs, but a 50 percent bonus depreciation is still available at that point.
In the big picture, the new legislation provides businesses the chance to grow their office space, staff and profits without having to be responsible for all or the majority of the costs associated with modular office systems.
There is the old cliché “Time is money”. Well, money is money too. Starrco has always been able to save customers construction time with our fast and flexible projects, but now customers can invest in their business without any of the costs normally attached to expansion. Modular office systems from Starrco will allow you to maximize the efficiency of your property. And with the new Tax Law, Starrco can be a part of a significantly less expensive business investment that will revamp your property and allow you to escalate your business.