Have you heard of Section 179?
It’s part of the IRS tax code that’s aimed at helping small businesses, just like yours.
When you buy new equipment or some software you can deduct the full purchase price from your gross income this year, rather than depreciate it over a few years.
It was designed to encourage you to invest in your business. And it’s a generous relief… you can write off up to $1,160,000 in this tax year.
There’s a comprehensive guide with illustrations, and information you can run by your CPA here.
If you want new computers, technology, or software, you need to act TODAY
The one clause is that you must have purchased the equipment or software and put it into service by the end of the day on December 31.
Hardware supplies can be unreliable at this time of year. The earlier you order, the less risk of missing out on your benefit.
You really should invest now in anything you think you’ll need in 2024.
This is serious! It needs urgent action if you want new technology in time to benefit from the tax relief.
I have a team on standby to help you
- Call us now on 704-585-1010 to tell us what you need
- Email firstname.lastname@example.org
- Fill out the the form below: