Wednesday, July 16, 2014

Depreciation on Equipment using Section 179 of the Federal Tax Code

Section 179 Deduction allows a business to deduct the FULL PURCHASE PRICE from your gross income this year!  Please speak to your tax consultant to find out exactly what it means for you!
Section 179 was designed with businesses in mind. That's why almost all types of "business equipment" qualify for the Section 179 deduction.
All businesses need equipment on an ongoing basis. It's very likely that your business has purchased many of these goods during the past year, and will do so again and again. Section 179 is designed to make purchasing that equipment during this calendar year financially attractive.
Section 179 of the Federal Tax Code has been extended through December 31st of this year.  
Take advantage of it before it is too late.  

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