Credit Cards readers, Terminals, New POS Services, AMERIP.O.S., prepaid telephone card
November 27, 2003 (Press Release) --
Q. ARE THERE ANY TAX BENEFITS
A. As an owner of this type of equipment, you may write off through depreciation the total purchase price of the equipment.
In addition, and this is the most important consideration, as the business goes on and on, the P.O.S. terminal owners are allowed tax deductions for expenses incurred in generating and collecting income and in operating and servicing equipment.
Besides the direct expense, the business portion of the following costs can be deducted from your gross income:
HOUSE-
House payments or rent
Taxes and insurance
Telephone, electricity, gas, water
Repairs and maintenance
Depreciation
AUTO-
Gas and oil
Repairs
Insurance
Depreciation
Licenses
KEOGH PLAN-TAX BONUS
Since you must own your own business to make this tax decuction (up to $30,000), this valuable tax savings is yours!
See your CPA or accountant for verification and application to your own individual tax situation.
A. As an owner of this type of equipment, you may write off through depreciation the total purchase price of the equipment.
In addition, and this is the most important consideration, as the business goes on and on, the P.O.S. terminal owners are allowed tax deductions for expenses incurred in generating and collecting income and in operating and servicing equipment.
Besides the direct expense, the business portion of the following costs can be deducted from your gross income:
HOUSE-
House payments or rent
Taxes and insurance
Telephone, electricity, gas, water
Repairs and maintenance
Depreciation
AUTO-
Gas and oil
Repairs
Insurance
Depreciation
Licenses
KEOGH PLAN-TAX BONUS
Since you must own your own business to make this tax decuction (up to $30,000), this valuable tax savings is yours!
See your CPA or accountant for verification and application to your own individual tax situation.
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