If you have some customers who have been on the fence about getting a new display, we have some information that might persuade them to take the leap. The IRS Tax Code Section 179 Deduction permits small businesses to deduct a portion of the price of financed or leased equipment in tax savings, including a digital display up to $500,000!
To qualify, the display must be purchased, installed and in use by Dec. 31. Make sure to present our flier, “Now Is the Time to Buy,” an additional sales tool to help educate potential customers about their options.
Also, as part of Section 179, businesses can take advantage of Bonus Depreciation. This deduction is available through 2019 and for equipment put into service in 2017, businesses can depreciate 50% of the cost of the asset during that tax year.
For more information, customers can visit www.section179.org.