Growing your business with Section 179Posted on December 12, 2016 By AFE
GROWING YOUR BUSINESS?
Growing your business can be challenging and stressful. So what can a business do in order to grow their business and reach their goals? Businesses can use different tax strategies to help meet business goals.
One stragety we recommend looking into is Section 179 Tax Deductions. This section allows businesses like yours to deduct the full purhcase price of qualifying equipment (up to $500,000) purchased or financed during the tax year. That means you can deduct the FULL PURCHASE PRICE FROM YOUR GROSS INCOME up to $500,000 for 2016. Please consult your tax advisor to see if you qualify for Section 179.
Always consult your tax advisor for personalized tax information. Amount deducted varies depending on tax year.