2019 is Coming to a Close Soon and Section 179 is Available Again This Year.
How does this work to your advantage?
In years past, when your business bought qualifying equipment, it typically wrote it off a little at a time through depreciation. For example, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for 5 years.
Now, most business owners prefer to write off the entire equipment purchase price for the year they buy it. Section 179 does exactly that – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year. This has made a big difference for many companies (and the economy in general).
Businesses have used Section 179 to purchase needed equipment right now, instead of waiting. For most small businesses, the entire cost of qualifying equipment can be written-off on the 2019 tax return (up to $1,000,000). Great time to buy that needed equipment… work smarter not harder! Call us today we have plenty in stock ready for you!
If you’d like to find out more about Section 179, you can do so here: http://bit.ly/2Vz11S3