Released on: March 4, 2008, 6:40 am

Press Release Author: Crest Capital

Industry: Financial

Press Release Summary: Crest Capital\'s free online Section 179 calculator, which
helps small and medium sized businesses see how much they can save by taking
advantage of Section 179 of the IRS tax code, has been updated to account for the
substantial changes The Economic Stimulus Act of 2008 has made to Section 179.

Press Release Body: Atlanta, GA (Press Release) March 2, 2008 - In response
to the nation\'s economy starting to show signs of recession, Congress recently
enacted The Economic Stimulus Act of 2008 in an effort to jump-start consumer and
business spending.
While the \"stars\" of the Act are the $600 / $1,200 checks that most Americans will
receive, the provisions aimed at businesses, and in particular Section 179 of the US
Tax Code, are just as substantial. And these provisions have prompted href=\'http://www.crestcapital.com/equipment_leasing\'>equipment leasing company
Crest Capital to launch a new, updated \"Section 179 online tax calculator\" that
fully incorporates the changes for 2008.
\"There are some big changes for Section 179 in 2008\" said Crest Capital executive
George Messic \"and we wanted to make sure our free online calculator incorporated
them. And I\'m pleased to say, as of today, it does.\"
Section 179 has also been known as the \"Hummer Tax Break\" because it allows
businesses to take a first year deduction of the full cost of new equipment
purchases (including Hummers a few years ago). Until 2008, the limit for this
deduction was $125,000 - this has been increased to $250,000 for 2008. In addition,
once the deduction limit has been reached, most additional equipment expense is
eligible for a one-time \"50% depreciation\" for the first year. These changes are
good for 2008 only, and are specifically meant to encourage businesses to invest in
themselves this year.
And Messic knows his company\'s online href=\'http://www.crestcapital.com/tax_deduction_calculator\'>Section 179 tax
calculator can help.
\"Once a business sees, in black and white, the substantial tax savings purchasing
new equipment brings, it makes the decision to purchase new equipment an easy one\"
he remarked. \"Our free online Section 179 calculator is very simple to use, yet it
gives businesses a clear picture on how much they can save. And oftentimes, if they
choose to finance or lease equipment, they realize the savings will actually exceed
the first year\'s payments.\"
The new 2008 Section 179 calculator is free for anyone to use, and can be found on
the Crest Capital website at http://www.crestcapital.com/tax_deduction_calculator.
About Crest Capital
Crest Capital provides small & medium-sized businesses the equipment financing they
need, without the lengthy approval process of traditional bank financing. Clients
simply complete a simple application, without the need for bank statements or tax
returns, and receive a decision almost immediately (as opposed to weeks). Whether a
business needs financing for vehicles, computers, furniture, business expansion,
working capital, or almost any other reason, Crest Capital is there to help. They
can be reached at 800-245-1213 or by visiting their website at
http://www.crestcapital.com

Web Site: http://www.crestcapital.com

Contact Details: 8601 Dunwoody Place
Box 88233
Atlanta, GA 30356
800-245-1213