Section 179 is one of the proven incentives included in any of the recent Stimulus Bills that has actually helped small business growth. Although all business can benefit from this deduction, the original target of this legislation was much needed tax relief was for small businesses - and today millions of Small-Medium businesses are taking action and getting real benefits. You should be one!
Here are a few examples of technology-related equipment you can write off:
- Computers
- Computer Software (off the shelf)
- Peripherals - such as digital cameras, camcorders, smartphones, etc.
- Internet Access
- Web Hosting & Much more! See more of Section 179
In order to take advantage of this great incentive, you must act quickly as the provisions state that equipment/software must be ordered, delivered to and placed into service at your company before 12/31/12. The leasing option must have a $1 buyout at the end of the term. This allows companies to tax the full deduction for equipment in 2012 which is a huge tax advantage.
This is the final year that this tax provision will be available. If your company is ready for new technology or thinking of upgrading in the next year, please contact Louie DeGradi 312-372-7950x144 for a consultation and proposal - so there is still time to meet the requirements for the tax benefits for your company.
If you have questions regarding Section 179 and other tax write-offs, talk to your dedicated tax professional. If you need assistance with your technology purchase planning and implementation TSi is an IT certified expert ready to help you today!