Buy Your Company's New Copier At The End Of The Year
Businesses can replace their copiers when the machines are no longer functioning, as well as when they need to upgrade their unit to a more efficient model. In terms of the first scenario, it's important to upgrade the unit as soon as it stops working, but when it comes to an elective replacement, it might be a good idea to replace the copier towards the end of the year.
Slow Season
For a number of businesses, the period between the Thanksgiving holiday and the New Year's holiday is a slow time. This downtime exists for both business-to-business and business-to-consumer operations alike. This downtime presents the perfect opportunity to upgrade equipment like copiers.
First, your work demand is likely to be lower, so if there is any downtime between the installation of the new copier and any new software installation, the company's productivity is less likely to be affected. Second, if there is any learning curve that comes along with using the new system, your team will have extra time to learn given the reduced workflow.
Tax Benefits
The topic of taxes doesn't typically bring a smile to the face of most business owners. However, purchasing your copier at the end of the year might provide you with at least some bit of relief, especially if you plan to purchase a very expensive model or several units for your office.
A purchase at the end of the year typically qualifies for a write-off when you file taxes for the year of the purchase. Even if you don't decide to take out a single-year deduction, purchasing before the end of the year allows you to take advantage of a split-year deduction right away.
New Models
If you've been eyeing a particular copier model and the manufacturer is set to release a new model in the coming year, you can save money by purchasing towards the end of the year. Most manufacturers and retailers that sell these machines will want to get rid of their old inventory in order to make room for the new models.
Whenever this type of situation arises, consumers can typically purchase the equipment at a reduced cost. Provided there aren't any major differences with the new model that you need, purchasing the older unit is a wise investment.
While it's beneficial to wait towards the end of the year to replace a unit, it's not mandatory. Replace your copier whenever you determine it's best for your company's needs.
For more information, contact a company that has copiers for sale.
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