With the end of Fiscal Years fast approaching, many businesses and people have taxes on their minds. It isn’t always the most ideal thing to focus on, but if you’re able to understand certain parts of the tax code, you can make the best of it.
With Section 179 businesses to deduct the full purchase price of qualifying equipment and/or software purchased/financed during the tax year. It actually allows you to deduct up to 100 percent of the purchase price of qualifying equipment/software from your gross income.
And due to recent legislation, the deduction limits have now been doubled, allowing you to save more than ever through leasing!
The bottom line is this: you can deduct up to 100% of the purchase price for qualified equipment.
The best part of Section 179 comes when you combine it with leasing/financing. You can take advantage of the tax benefits of Section 179 while utilizing a minimal cash outlay and entering into a manageable payment plan.
For more information about our current financing promotions and how you can take advantage of all the benefits of leasing, contact us at (800) 347-0628 or email firstname.lastname@example.org.
(VAR Technology Finance is not a tax advisor. Contact your legal/tax advisor to determine the specific benefits and savings that you can take advantage of.)