Coin-O-Matic, based in Alsip, Ill., is teaming up with Tony Fremarek, the owner and founder of A Fractional CFO, to present a webinar on bonus depreciation at 10:00 a.m. on October 29.
Bonus depreciation is a tax incentive that enables laundromat owners to deduct up to 100 percent of the price of their laundry equipment or other eligible assets during the current year, rather than “write them off” over the “useful life” of the equipment, Coin-O-Matic noted.
The webinar will provide an overview of the basics of bonus depreciation and Section 179 depreciation, while also examining capital planning for a laundromat business, creating an equipment lifecycle replacement policy and more.
In addition, Coin-O-Matic is offering a limited-time financing offer for laundromat replacement equipment. The offer is for seven-year financing on commercial laundry equipment, with no payments for the first 90 days, plus 0 percent interest for two years and a 5.75 percent fixed interest rate for remaining five years. Or, buyers can select an additional 5 percent off with the option to finance at 5.75 percent for seven years. Neither of these finance options have any prepayment penalty or fee. This offer expires on November 20, 2020.
For more information on this upcoming webinar or to register, visit www.coinomatic.com.
