What is Section 179?
Section 179 is a tax deduction available to business that allows you to recoup some of the money spent specifically on technology. In December of last year, Congress passed and signed the PATH Act, which increased the Section 179 cap to $500,000 for 2016.
By giving businesses the ability to write off the full amount spent on qualifying items, Section 179 can help you to make upgrades to both your technology, and your workspace. But there is a small catch; only items purchased and installed by December 31st, 2016 will qualify.
In order to give businesses an opportunity to make Section 179 work to their advantage, Puryear IT will be hosting a webinar on Thursday, November 11th to discuss Section 179 in detail. We will cover which items qualify for this deduction, as well as tips for budgeting and buying smart.
Register for this important event today by filling out our quick form.
Don’t miss out on your chance to keep your business current with the latest technology, and give yourself an edge over your competitors. Investing in your IT is crucial to the future of your business. As businesses continue to rely more heavily on technology for day-to-day operations, making sure the technology you are using is up to the task has never been more important.