PHOENIX, Arizona – October 7th, 2011 – OpenTech Alliance, Inc., announced INSOMNIAC Kiosks qualify for the IRS Tax Code Section 179 tax deduction, effectively reducing the cost of a kiosk by 35%. Today, Section 179 is one of the few incentives contained in any of the recent Stimulus Bills that actually helps small business. 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 current tax year.
“Section 179 is a great deal for self storage operators considering a self service kiosk, but they have to order their kiosk soon. To qualify for the deduction in 2011, the kiosk must be in operation by the end of the year.” explained Robert A. Chiti President and CEO of OpenTech Alliance.
You can learn more about Section 179 at www.section179.org. If you have additional questions please consult an accounting professional.
The following is an example of the Tax Savings related to the purchase of an INSOMNIAC 770 kiosk.
OpenTech’s innovative solutions increase revenues, reduce operating costs and improve customer convenience for self-storage businesses. Their solutions include 7 models of INSOMNIAC self storage kiosks ranging from $5,500 to $18,000, INSOMNIAC Live! call center services and the INSOMNIAC Self Storage Network for online storage reservations and rentals. For more information on OpenTech, please visit www.opentechalliance.com or call (602) 749-9370.
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 is protected by U.S. patent number 5,946,660.