How To Guarantee Expense Deductions By The End of 2019
In 2019, the Section 179 Tax Deduction allows small businesses to write off up to one million dollars from equipment purchased during 2019. This includes, but is not limited to:
- Desktops/ Laptops
- Software considered “off the shelf”
- Phone systems and equipment
Does My Business Qualify?
Ask yourself the following questions:
- Did your business purchase or lease technology equipment or software (totaling less than $3,500,000) during the 2019 tax year?
- Does the equipment purchased meet the qualifications listed on section179.org?
- Was the equipment purchased and put into service between January 1, 2019 and December 31, 2019?
Why Upgrade Your Equipment in the Next Month?
Technology is a critical part of businesses in today’s economy. With state-of-the-art technology available to you through NexusTek business should be running as efficiently and effectively as possible and ensuring optimal productivity. Some of the benefits of upgrading software and hardware include the following:
-Lower Maintenance Costs
-More Storage Capacity
-Better & Faster Performance
“This is a game-changer, and some of our clients are already reaping the rewards. At the end of the day, re-investing in your technology infrastructure is what’s really going to help you grow your business. Small business owners on the edge of the income limit can now re-invest in the tools their team needs to reach their full potential. From content management software and cloud computing, to firewalls and data back-ups, the new Section 179 has finally given SMBs the excuse they need to take that first step in their digital transformation.” – Randy Nieves, CTO at NexusTek
NexusTek has experts that will guide you through the tools and equipment that could provide more efficiency and productivity for your business. We stay up-to-date on promotions offered by manufacturers and share the benefit of the knowledge and savings with you. Let us modernize your business and technology while your business receives an expense deduction by the end of 2019.
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Disclaimer: NexusTek does not provide tax, legal, or accounting advice. The above has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal, or accounting advice.