2011 Capital Expenditure Credit

Don't forget to use the 2011 Capital Expenditure Credit for buying new equipment this year!

The Small Business Jobs and Credit Act of 2010 gives bakery owners incentive to purchase new portioning equipment before the end of 2011 by allowing the purchaser to write off investments of capital equipment immediately, up to $500,000, rather than depreciating the expense slowly over many years.

The equipment must be purchased and installed in 2011. FoodTools is working hard to provide bakers with in stock equipment that can be delivered and installed before the deadline in order to qualify for the purchase credit.

The exact qualifications can be found on the Section 179 Deduction website here: http://www.section179.org/section_179_deduction.html

If you have any questions about the program or how FoodTools machines can benefit bakery production, contact FoodTools by clicking HERE.