Section 179 Tax Deduction
This is a tax incentive for small businesses to purchase equipment, or in other words, invest in your business. For 2015, the deduction limit is $500,000. This means you can write off your entire purchase the same year you purchase and put into service the equipment instead of depreciating it over several years a little at a time.For example, you purchase a new skid steer and a Top-Spread Bale Spreader. The cash savings on your purchases would be larger than the amount you pay for your own spreader. This is incredible savings to take advantage of.
To check out what you might be able to save, here is a free simple calculator to use.
We can work with you to place your equipment purchases into the tax year that works best for you and your business.
When will you save? 2015 or 2016? Give us a call today! 641.228.1101