Tax Season is Coming!
Everyone loves a good discount. In preparation for the upcoming tax season, we’re sure everyone is looking to save some money and get great deductions.
Luckily for small-medium businesses (SMBs) in the service industry, you can save hundreds of thousands of dollars thanks to Section 179 of the IRS tax code. Curious? We knew you would be.
Section 179: What Is It?
What is Section 179?
Section 179 allows SMBs to deduct the full price of qualifying equipment and/or software purchased and put into service during the 2018 tax year. For 2018, the spending cap on equipment purchases is $2,500,000, the deduction … Premium Content Preview Ends Here
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