Navtrak: Little-Known IRS Tax Break Makes Investing In GPS Tracking Technology More Affordable Than Ever

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Special tax deduction offers fleet owners a unique opportunity to invest in GPS tracking software in 2007.

Many business owners looking to purchase a GPS tracking system to improve the performance of their mobile workforce delay their decision, assuming that the costs of implementing it are too prohibitive, despite overwhelming and well-documented benefits from third-party industry research firms such as the Aberdeen Group.

However, some excellent opportunities exist to help business owners overcome this hurdle. For example, one of most beneficial, yet least known methods is the IRS Section 179 tax deduction, which allows companies to expense the cost of tangible property in the same year it is purchased, rather than spread it out over multiple years.

Specifically, IRS Section 179 allows a sole proprietor, partnership or corporation to fully expense tangible property in the year it is purchased. And tax-law changes over the past few years have made this option much more appealing by dramatically increasing the amount that can be written off immediately (up to $112,000).

To read more about the IRS Section 179 deduction, simply download a free article courtesy of GPS tracking provider Navtrak by clicking here.

This special tax incentive, designed specifically for growing organizations, represents a fiscally sound method of capitalizing on new technologies such as GPS tracking that might otherwise seem to be unattainable.

The Section 179 provision gives business owners and fleet managers the freedom to look closely again at the advantages of GPS tracking for their operation, and re-evaluate the potential impact on both productivity and profits through:

1. Real-time knowledge of entire fleet's activity at a glance
2. Detailed history of vehicle stops, speeds, routes, idling times, etc.
3. Reduced operational costs, i.e. overtime and fuel expenses
4. Improved response to customer due to accurate information from the field
5. Safety and security of vehicle-based employees
6. Liability protection
7. Lower insurance risks/potential insurance discounts

The Section 179 deduction is not automatic, so to take advantage of it you must first elect to do so. Talk to your accountant to explore your options, or download our free article on the IRS Section 179 deduction to learn more.

For more information about Navtrak, please view a free online demo of our GPS vehicle tracking system, or simply request more information by calling 800-787-2337.


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