UTILIZE SECTION 179
Section 179 is the area of the IRS tax code created to help businesses reduce their tax liability. Section 179 is an excellent incentive for businesses to purchase, finance, or lease equipment this year.
Video: Section 179 Explained by Cheryl Fry
To take advantage of the 2017 tax incentives, your business equipment or software must be put in use by year-end. 2017 limit on capital purchases is $2,030,000.
Section 179 is simple to use. All you need to do is buy (or lease) the equipment, and use IRS Form 4562.
Increase your savings even more by financing your equipment with Harry Fry & Associates and keep your cash working for your business!
* Harry Fry & Associates are not CPAs. The above is to be used for informational use only. Please be sure to consult a CPA on all tax related issues/questions.