Larger Incentive Programs now in Place to Offset Most Capital Expenditures
Feb, 01 2008
[Tustin, CA - February, 2008] New tax incentives raise the limit for asset expenses. Under Section 179; businesses may now deduct up to $250,000 of qualified expenses in 2008; nearly doubling the amount from $128,000.
The Kiplinger Letter cites these programs will raise investment within companies to offset all economical downturns.
"These incentives will undoubtedly increase capital investment within companies," cites David Cline, CEO of Fluid Research® Corporation. "One of the wisest manufacturing investments is automation; it allows companies to reduce the manual labor necessary to manufacture a product; and now that there are tax incentives, it actually costs less to automate production and reduces the bottom line...what we call a 'win-win' situation."
Fluid Research Corporation provides automated dispensing solutions to reduce cost, waste and human error, “An automated machine can perform the same tasks a person can do in a fraction of the time with no waste product or health risk,” states Cline. “Consistency is an added benefit; when you reduce human error, you radically increase repeatability.”