You have until December 31st, 2017 to Take Advantage of the Huge Tax Savings for your Business Under the Approved Section 179 Tax Deduction.
Thanks to a recently updated tax deduction titled “Section 179 Election”, the Federal Government now allows you to buy up to $500,000 in machinery, computers, software, office furniture, vehicles, or other tangible goods and thereby REDUCING your taxable income on your current year’s tax return.
Effective 09/27/2010, H.R. 5297 (the Small Business Jobs and Credit Act of 2010) had a substantial (and welcome) impact on Section 179. The biggest impact is that it increased Section 179's deduction from $250,000 to $500,000. This could mean a substantial boost to your bottom line this year. But to get the deduction for tax year 2017, you have to act now, as once the clock strikes midnight on 12/31/2017, Section 179 can't help your 2017 profits anymore.
What does this mean for your business?
This allows you to Purchase, Lease, or Finance Computer Equipment for your business while significantly lowering the true cost of the purchase.
See the Example from Section 179's website:
If your total equipment purchase costs add up to $650,000 assuming a 35% tax bracket, your after tax savings brings the total cost down to $443,500. That’s a cash saving of $206,500! This is huge if you want to invest back into your business in 2018.
But you must ACT FAST! You only have until December 31st, 2017 to purchase, lease, or finance your equipment.
If you want to see how much business owners love the Section 179 deduction, take a little peek inside any office furniture or equipment store between Christmas and New Year's Day. Chances are you'll see lots of buyers racking up some year-end deductions!
Contact us today to take advantage of these tax savings before it's too late!
And remember, we offer in-house financing and leasing for your computer and equipment purchases, making it even easier to take advantage of this end of the year tax benefit.
DPC’s integrated solutions ensure you are provided with the latest technology for your office. Our “Complete” offerings include much more than IT Support. With Cloud Computing, Encrypted Email, Backup & Disaster Recovery, Hardware & Products, VOIP phone systems and more - You Get One Comprehensive Solution.
For more information, contact our office at (844) 260-5020 or submit a request in our Support Center.