News

Micro-Systems Leasing Acquired by South Carolina Businessman Ben Reavis

Reavis acquires the company from F2B Mobile Solutions of Charlotte, NC

York, SC—January 15, 2011—Ben Reavis, formerly vice president of sales and marketing for a top Sage Software Partner, announced today that on January 1, 2011 he acquired Micro-Systems Leasing (MSL), a company that specializes in the leasing of technology systems for the building industry. Reavis acquired the company from F2B Mobile Solutions, based in Charlotte, NC, and will relocate the corporate office to York, SC.

For any business selling products and services that must offer a lease option to their customers, MSL is the answer. MSL services allow the salesperson to concentrate on the sale, leaving the leasing details to a leasing pro. “MSL just celebrated its 27th year and is well known for its incredible customer service,” said Reavis. “I was a loyal MSL client when selling information technology systems throughout the southeast, and with this acquisition I’m looking forward to continuing that emphasis on the personal touch.”

Although the MSL corporate offices will be moving, the operations center will remain in Amarillo, Texas under the direction of Teresa Webb, founder of MSL and senior leasing consultant. All of Teresa’s customers will continue to enjoy the same high level of service they are accustomed to.

“I am thrilled to be associated with Ben, a long-time friend and business associate,” said Webb. “With this acquisition, MSL will seamlessly continue handling our clients’ leasing requirements. Ben brings a wealth of knowledge and experience in sales and marketing that will certainly help us expand our services.”

Webb specializes in information technology leasing for the construction and real estate market. Reavis stated, “I worked exclusively with MSL selling turnkey systems. One phone call and Teresa was on track. She literally helped me close business by making the search for the clients lease seamless, easy and affordable. Anyone selling IT solutions or purchasing new hardware, software or services should consider MSL’s leasing services.”

For more information about MSL, please visit www.MicroSystemsLeasing.com or contact us at 1-800-451-8049 or (704) 718-2002 for further information.

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About Micro Systems Leasing
Since 1983, Micro Systems Leasing (MSL), a leasing brokerage company that focuses on the building industry has assisted thousands of companies with lease financing. Specializing in software and equipment leasing, including soft costs, MSL aids all sizes and types of businesses from enterprise-level to start-ups.

MSL’s mission is to help customers improve cash flow with the quickest and friendliest financing available. The company offers 24 to 60 month terms, 0% or "pick your rate" financing (with vendor buy down), seasonal financing (skip months), EFAs (no early payment penalty), 90 day deferral options, and more. www.MicroSystemsLeasing.com

CONTACT:
Ben Reavis, CEO
Micro Systems Leasing, LLC
P# 800-451-8049
F# 806-372-2299
breavis@microsystemsleasing.com
tlwebb@microsystemsleasing .com

Congress extends the amount that small businesses may write-off for capital expenditures: $250,000!

Business Equipment

Business owners who acquire equipment for their business: machinery, computers, and other tangible goods, usually prefer to deduct the cost in a single tax year, rather than a little at a time over a number of years. This deduction is known by its section in the tax code, a Section 179 deduction.

Under Section 179, businesses that spend less than $800,000 a year on qualified equipment, may write-off up to $250,000 in 2010. The rules are designed for small companies, so the $250,000 deduction phases out when a business purchases more than $800,000 in one year. (Companies cannot write off more than their taxable income).

Benefits of a Non-Tax/Capital Lease

The benefit of a Non-Tax/Capital Lease is that it can take advantage of Section 179: expense up to $250,000 if the equipment is put in use in 2010. In addition, you may depreciate any excess on the depreciation schedule for that asset. Examples of Non-Tax/Capital Leases include a $1.00 Buyout Lease, an Equipment Finance Agreement (EFA), and a 10% Purchase Upon Termination (PUT) Lease. Example: Assume you finance business equipment, put it in use in 2010, and take advantage of Section 179. Your tax savings could be significant:

Tax Savings Example - Section 179 Deduction

Cost of Equipment	$125,000

Section 179 Reduction if Purchases are $800,000+	$125,000
(Dollar for dollar phase out if over $800,000)

Section 179 Write Off Amount:	$125,000

Regular 1st Year Depreciation Deduction:	$0

Total 1st Year Deduction:	$125,000

Cash Savings on Equipment Purchase	$43,750
(Assuming a 35% Tax Bracket, Depreciation 5 years)

Lowered Cost of Equipment after Tax Savings:	$81,250

Tax Code Section 179 & Election to Expense Detail

The election, which is made on Form 4562, is for the tax year the property was placed in service or an amended return filed within the time prescribed by law. The total cost of property that may be expensed for any tax year cannot exceed the total amount of taxable income during the tax year. Section 179 property is property that you acquire by purchase for use in the active conduct of your business. To ensure property qualifies, reference Publication 946.

This expense deduction is provided for taxpayers (other than estates, trusts or certain non-corporate lessors) who elect to treat the cost of qualifying property as an expense rather than a capital expenditure. Under Section 179, equipment purchases, up to the amount approved for a given year, can be expensed (deducted from taxable income) if installed by December 31st. Non-Tax leases qualify for this deduction in their year of inception. Any excess above the expensed amount can be depreciated depending on the equipment type. Not all states follow federal law. Contact your tax advisor for the specific impact to your business or visit www.irs.gov.

Further Detail

Reminder: to take advantage of the tax incentives, your business equipment must be put in use by year-end. You should contact your tax advisor to learn about the specific impact to your business. Interested in learning more? We’ll provide you with a free consultation and extend finance solutions so you can acquire the business equipment you need. Contact us today.

Act Now!

This incentive is only available through 2010. Acquire and put your business equipment to use before year-end! Contact us today!