System ID Chooses FirstLease As Preferred Leasing And Finance Vendor

Share Article

System ID and FirstLease have partnered to provide an all-in-one solution to purchasing or leasing inventory management products. They’re offering their unique services to help businesses benefit from a number of valuable tax deductions.

System ID, The Barcode People, announced today that it has partnered with FirstLease, Inc., as its leasing and finance vendor of choice. FirstLease specializes in leasing IT equipment to small- and medium-sized businesses, with a minimum lease value of $3,000 and same-day approval for transactions up to $50,000.

This leasing option gives System ID customers another way to take advantage of the accelerated depreciation provisions of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The act provides 100 percent accelerated depreciation expense for capital investments placed in service after Sept. 8, 2010, through Dec. 31, 2011. For assets placed in service after Dec. 31, 2011, and through Dec. 31, 2012, the bill provides for a 50 percent depreciation bonus.

Companies that want to increase their IT infrastructures must acquire the assets and put them into service before the Dec. 31 deadline in order to achieve the 100 percent accelerated depreciation. This applies equally to leased equipment or purchased equipment. Beginning Jan. 1, 2012, companies can only expense 50 percent of their IT asset acquisitions.

The act specifically references the Section 179 Tax Deduction. In 2010, lawmakers agreed to increase the deduction limit to $500,000 and allow for $2 million in equipment acquisitions. Most software, as well new and used capital purchases, is included in this allowance.

System ID recommends this white paper on the IT tax deduction provisions, or visit IRS.gov for more information on the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.

About System ID

System ID is a full service provider for cost-effective barcode and RFID-enabled solutions. Focusing on improving efficiency and operation savings for their customers, System ID has turned their expertise into the largest customer base in the industry. They can be found online at http://www.systemid.com or by phone at 888-648-4452.

About FirstLease

FirstLease, Inc is a nationwide provider of equipment financing for growing businesses. Located in Fort Washington, PA, FirstLease is a full service lessor specializing in same-day approvals for transactions up to $100,000. Their twelve year history of success has enabled them to become an industry leader in service and support of their vendors. Reach them at 866-493-4778.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jay Schofield
Visit website