Section 179 is all about small business tax deduction made BIG, BIGGER, BIGGEST
Taken straight from Section 179 .org, here’s what this Section 179 of the IRS Code is all about: [allowing] a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for the deduction. The equipment purchased, financed or leased must be within the specified dollar limits of Section 179, and the equipment must be placed into service in the same tax year that the deduction is being taken (for example, the equipment must be put into service between January 1st and December 31st of the year the deduction is to be taken.)
Go ahead, do what a small business owner does best! Grab a great opportunity, and leverage whatever tax advantages that become available. This is one deduction which is known to change during the year and that could disappear before you make the decision to keep the money that Section 179 offers.
Times have changed!
It’s 2019 and if you’re reading this, Call Us!
More Opportunity under TCJA
How BIG do you want your tax deduction to be?
Looking for a big deduction?
So you don’t have the Computer software? Computers and off-the-shelf software DO qualify –but remember, you must begin using the software prior to the end of the year. Software this year can provide you with a big business tax deduction!
Looking for a bigger deduction?
If your business lends itself to bigger equipment, Section 179 can offer an even bigger business tax deduction!
Looking for the biggest deduction?
Section 179 may be able to dig up more than you ever imagined!
What is the IRS’s Bottom Line?
To loosely quote the IRS: “It’s up to you to ensure that any deductions you are taking are within the legal requirements of Section 179…”
Go for it! We can help you.
What’s included in Section 179 besides computers, Computer Software, tools and big stuff? Easier to look at what’s NOT included. Here, in just a few words, is what does NOT qualify for this deduction.
Now is the time to take a look at what your small business will be needing in the near future. Decide for yourself if its worth the gamble to wait until next year. The IRS can close the door on this deduction whenever they want to.
Tax preparation can be considered as an ongoing part of your business planning and tax strategies. This is how we help you.
Make an appointment today and check out your options! Call us: 479-478-6831