PHOENIX, Arizona – July 3rd, 2016 – OpenTech Alliance reminds self storage owners that INSOMNIAC™ Kiosks now qualify for increased tax deductions under the new PATH Act (Protecting Americans from Tax Hikes Act). The tax act notably reduces the cost of a kiosk purchase by 35% percent, resulting in a savings of up to $6,300 per kiosk. Taking advantage of this tax savings may just be the best financial decision you make in 2016.
Self Storage owners can learn more about this tax savings at Section179.org. The PATH Act was passed by both the House & Senate, and signed into law on 12/18/2015. This bill expanded the Section 179 deduction limit beginning in 2016 and allows businesses to write off the full purchase price of a kiosk during the current tax year (purchased, financed or leased plans).
Pricing: Kiosks prices range from $1,500 to $18,000 – Under Section 179, a purchase will yield a rebate in savings from $525 to $6,300 per kiosk. Click Here for Models & Pricing.
Calculate Your Savings: Sanctioned by section179.org this free calculator is fully updated for 2016. Go ahead; punch in some numbers to see how much you can save. Click Here to Calculate Your Kiosk Savings.
IMPORTANT: To qualify for the 2016 tax year, kiosks must be purchased by October 1, 2016 to ensure that the technology is implemented by midnight December 31, 2016. Every year there is a last minute rush to place orders for this tax benefit, so be sure to get yours in early. As with any tax consideration, please consult your accountant or tax attorney for individual case assessment before making tax or business related purchases.
Why We Do What We Do: Every day, OpenTech Alliance connects thousands of tenants with storage companies around the world. With over 4,000 daily transactions, the company’s automated products and services helped Storage Managers move-in over 100,000 tenants in 2015, generating over 100 million dollars in new sales revenue alone. OpenTech also owns a majority stake in StorageTreasures, LLC and operates www.storagetreasures.com, the largest online and onsite self-storage auction market place in the industry with over 950,000 bidders, 7,500 self-storage facilities and over 140,000 auctions held in 2015. OpenTech, Making Self-Storage Easier, So More People will Use It. For additional information, please visit www.opentechalliance.com or call an OpenTech Business Development Manager at (602) 749-9370.
Mike Sawyer, Director of Marketing
OpenTech Alliance, Inc.
NOTE TO EDITORS: OpenTech Alliance, the OpenTech logo, and INSOMNIAC are trademarks of OpenTech Alliance, Inc. Other company and product names may be trademarks of their respective owners. INSOMNIAC kiosks are protected by U.S. patent number 5,946,660.