One Click Can Save Your Business Money, But Do it Soon
This provision of the code allows a company to write off a purchase in the same calendar year rather than spreading the depreciation allowance over several years.
If your company is considering a new equipment investment and can pull the trigger before the end of the year, it may result in savings on your 2016 taxes. Section 179 of the IRS tax code provides a deduction for “qualifying purchases.” This provision of the code allows a company to write off a purchase in the same calendar year rather than spreading the depreciation allowance over several years.
The catch (there is always one) is that the deduction can only be claimed for the year in which the purchase occurred. So if your business is in the market, making a buy decision before January 1 is best. Many machine tool suppliers and dealers stand ready to make a deal happen on time. Click here for a reliable site that you can access to learn more about Section 179. Then maybe give your dealer/distributor a call.
