4 Ways C-stores Can Save Money Before 2017!
Making the decision to upgrade your dispensers is no small task. Not only do you have to search for the best quality, you also have to keep budgets in mind. Putting aside obvious reasons why any c-store should upgrade dispensers (e.g., broken equipment, old systems, slow flow rates, not EMV-compliant equipment), now there are four new reasons why every c-store should order today immediately.
What if we told you that you could save money by spending money and still get the best equipment in the industry? Well, it’s true. In the last few months of 2016, c-stores will have the chance to save money with the more they buy. All of these efforts is to help combat equipment depreciation and to encourage c-stores to become EMV compliant. Why make it harder? Instead, it was made smarter.
Below are four ways you can save this year while investing in your business:
- Section 179 Option 1: Taxes are usually a sore topic for most people. But for 2016, c-stores will be able to deduct up to $500,000 in capital investments, according to CSP Daily News. Through this incentive, selected purchases (e.g., dispensers, POS systems) can qualify for a tax deduction. The main requirement is that c-stores must have those dispensers installed and functioning before December 31, 2016 to participate. Therefore, by ordering equipment in the next couple of weeks, you have a greater chance of meeting the deadline to save for your 2016 taxes!
- Section 179 Option 2 – Bonus Tax Depreciation: If your c-store spends $500,000 – $2 million, c-stores can qualify for the bonus depreciation strategy to save money when upgrading their site(s). Additionally, these small businesses can get 50% of their capital spent deducted in the current year. That is a significant benefit compared to the traditional seven-year deduction period! As the year approaches to an end, it is wise to start planning for your c-store asap since new equipment must be ordered, shipped, installed, and functional before the year ends. Especially when holidays traffic starts to build up, you may find yourself falling behind and potentially pass the deadline. Many retailers do not want to disrupt their sites with construction during the holiday season, so planning for installation now is important when capturing this benefit.
- Buy More Save More: Gilbarco Veeder-Root always strives to provide the best options for our customers. Therefore, we have taken all our best-selling products and bundled it up with a tiny bow on top. By partnering with Patriot Capital, we are able to offer a promotion that allows any c-store to save up to $13,000! You can even make the pot sweeter by combining this promotion with one of the two options mentioned above for Section 179. Imagine that.
- Deferment Heaven: When you invest your business with Gilbarco’s Encore 700 S and finance with Patriot Capitol, you can take advantage of not having to make payments until the new year. This gives extra breathing room.
These savings are the best in the industry. Therefore, if you find your dispenser’s flow rates slowing down, have sluggish connection with your POS, own unqualified EMV equipment, or find yourself putting plastic bags on the nozzle’s frequently, now is the time to take advantage of these opportunities.
To learn how much you could save with Gilbarco’s and Patriot Capital offers, click here.
Note: Gilbarco and Patriot Capital do not provide tax advice. Contact your tax advisor for advice related to your circumstances. Financing is subject to approval. For additional information and promotional terms please contact your local Gilbarco distributor.