(PRWEB) April 23, 2013
Direct Capital is strongly supporting new efforts in Washington to make vital Section 179 deductions permanent for small businesses.
Direct Capital, a leading nationwide provider of equipment leasing, working capital loans and franchise financing for 20 years, transacts daily with small businesses interested in obtaining Section 179 deductions. In 2013, small businesses are able to deduct up to $500,000 worth of leased equipment, but that number falls to $25,000 in 2014. A new proposal introduced to Congress would make a $250,000 total deduction permanent going forward, instead of the year-to-year fluctuations small business owners have come to expect.
Direct Capital is urging small business owners to contact their members of Congress and voice support for these measures, which would give stability to a deduction that thousands of small businesses have found critical in the last decade. The sizeable tax breaks have been particularly key in a difficult economy for small businesses, and small businesses would suffer if the limit fell to $25,000.
“With all of the uncertainty that small businesses are faced with – from health care costs to minimum wage and the overall economy - it would be great to see Congress pass legislation that provides some predictability in the form of a meaningful tax benefit,” said Stephen Lankler, Senior Vice President at Direct Capital.
To learn more about Section 179 deductions, download Direct Capital’s free ebook.
About Direct Capital
Established in 1993, Direct Capital is the leading originations platform for business lending. The company provides financial solutions for small & medium sized businesses, franchisors, and equipment and technology sellers. The company is headquartered in Portsmouth, N.H. and operates offices in New York, California, and Georgia. You can follow Direct Capital on Twitter or subscribe to its PointBlank blog at http://blog.directcapital.com/.