BIG Deductions for Self Storage
PHOENIX, Arizona – August, 1st, 2014 – OpenTech Alliance, Inc. announced INSOMNIAC® Kiosks and the automated ILock Access & Security system both qualify for additional tax deductions under Section 179. Section 179 is an IRS tax code that allows you to deduct the purchase or lease price of technology (hardware and software) either paid for or financed during 2014. The allowance is also very useful when you are using cost segregation and the property you are using is not “original use”.
One of the biggest deductions available to small businesses (100% first year write-off), the Tax Act effectively reduces the cost of a purchase by 35%. If you have been thinking about buying a kiosk or automated access / security equipment for your storage facility, now may be the time to act and get a great tax deduction.
INSOMNIAC Kiosks range in pricing from $1,500 to $18,000. Under Section 179, a purchase will yield savings that run from $525 up to $6,300 per kiosk. The following is an example of tax savings related to the purchase of an INSOMNIAC 570 kiosk. Also illustrated is a case in savings connected with the purchase of the INSOMNIAC ILock System (200 unit doors).
Although it can be used by large businesses, the original intention of including the Section 179 in the recent Stimulus Bills was to be a tax relief and incentive for small businesses. The maximum deduction for 2014 is $25,000, however speculative modifications are being forecasted to raise the incentive up to post-recessional levels of $500,000 to incentivize the storage REIT’s as well.
What’s the point of section 179? The government is trying to stimulate the economy by encouraging business spending. Section 179 is your portion of the government bail-out. But there is a catch. To qualify for the deduction, a kiosk and or locking system must be in operation by the end of the 2014 calendar year. Taking advantage of this tax savings may just be the best financial decision you make in 2014. Only 106 Working Days until Section 179 Deadline… to learn more about Section 179, visit www.section179.org or contact your personal accountant.
About OpenTech Alliance, Inc: Celebrating over a Decade of Service to Self-Storage, OpenTech provides solutions that connect storage owners with tenants. Through the development of a complete line of automated Kiosks and Call Center services, the INSOMNIAC brand has become synonymous with self-storage. The company offers a wide-range of self-storage rental solutions that increase revenues and improve customer convenience, while decreasing operating costs and workload. A place to find reliable, around-the-clock support is what OpenTech has come to be for thousands of self-storage owners world-wide. For additional information, please click: OpenTechAlliance.com or call an OpenTech Business Development Manager at (602) 749-9370.
Press Contact:
Mike Sawyer, Director of Marketing
OpenTech Alliance, Inc.
602.324.8655
msawyer@opentechalliance.com
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.
