Section 179 is a tax code that was enacted to help small businesses by allowing you deduct the full amount of your business equipment purchases in one year (instead of depreciating over a multi-year period). It’s a great incentive for you to purchase, finance or lease most types of general business equipment and off-the-shelf software in the calendar current year.
If you and your team are struggling with old, slow IT equipment, you can purchase new equipment under Section 179
to save on taxes AND increase productivity. For example, an updated, faster server can save each user 15 minutes per day. In an organization with 20 users, this quickly adds up to 1,300 hours saved per year.
Section 179 only applies to purchases within the current calendar year, so if you would like to benefit from it, contact AllSafe IT to upgrade your business IT equipment before December 31!