10 days left to qualify for 2015 tax benefits on equipment and software purchase!
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It's an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.
The US Government’s Section 179 tax deduction for 2015 has increased up to $500,000 on equipment and software purchases. The "Path Act" was passed by Congress on December 19th thus increasing the tax benefits for 2015. You need to purchase your equipment by December 31, 2015 to qualify!
Details according to the Section 179 website is per below.
2015 Deduction Limit = $500,000
This deduction is good on new and used equipment, as well as off-the-shelf software. This limit is only good for 2015, and the equipment must be financed/purchased and put into service by the end of the day, 12/31/2015.
2015 Spending Cap on equipment purchases = $2,000,000
This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive".
Bonus Depreciation: 50% for 2015
Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. Note: Bonus Depreciation is available for new equipment only.
The above is an overall, "simplified" view of the Section 179 Deduction for 2015. For more details on limits and qualifying equipment, as well as Section 179 Qualified Financing, please read this entire website carefully.
DAVID VISION recently carried out a study to find out which industry sectors are using 3D scanning today.
Consumer electronics industry leads, followed by automotive and medical industries. As expected or surprising?
Consumer goods and electronics 21.8 %
Automotive industry 18.6 %
Medical 16.4 %
Other Industry 13.4 %
Aerospace 10.2 %
Science 6.8 %
Military 5.2 %
Architecture 3.9 %
Others 3.7 %
In the US, Consumer electronics is a $200B+ industry, automotive light vehicles a $500B+ industry and medical devices a $100B industry. These multi-billion dollar industries will continue to invest in driving digitization of production, quality assessment to reverse engineering and 3D scanning will be one important tool to enable this.
Check out what the people in England are 3D scanning! At the Isle of Wight County Museum, they are scanning historical artifacts so that people can interact with them digitally or physically through a 3D printed version. The historical artifacts they have scanned is a ham and peanut!
Preservation of historical artifacts is an important role 3D scanning can play for sure. They haven't scanned the artifacts using DAVID Vision unfortunately but we like hearing stories about 3D scanning nonetheless and spreading the word.
If you haven't tried 3D scanning, why not start?
We have 3 x SLS-2 Demo Units (unboxed and used) that is on offer for $2,275. This is a whopping $1,000 off!!
These units are NOT refurbished units, just used for demo purposes at trade shows thus been used to scan a couple of objects for several days so are as good as new!
This is a great deal.
Click on this link before they are all gone! On the 'Condition' box, just choose demo unit!
Update: Holiday demo units have been all sold out!
Provider of leading edge 3D scanning products and services. We see 3D!