This is a great time to purchase capital equipment and software for your business. 2016 still has the Section 179 deduction up to $500K for new and used equipment and software like SME from High 5 Software. This deduction may not be available in future years. See this link for a simplified explanation: Section179.org or go to the IRS site for the unreadable version 🙂 IRS 179 Deduction
With all the changes in government, it’s not clear if this will continue next year so take advantage of this deduction this year, especially if you have profits in your business. Of course, if you don’t have profits in your business, maybe you should buy software to improve your profitability!
Mention this blog and your salesperson can provide up to 5% discount on your High 5 Software purchases thru Dec 2016 only.
1 thought on “Business Equipment Deduction Section 179”
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