Don’t let the IRS take more than they deserve…
The IRS allows businesses to fully deduct up to $1,000,000 of capital equipment purchases in 2020.
Tax codes are boring and complicated. Reading about a ” Section 179 Tax Deduction” is not my first click and gets very few hits or likes on online posts. If you have been thinking about adding new gear to your business there is no time better than before the fiscal year ends. So let’s make this a little easier.
- Spend $30,000 on new gear
- Deduct the full $30,000 on this year’s taxes
- Pay $11,100 less in taxes
- 30k of gear only cost you $18,900
It really is that simple.
Ready to upgrade your system? Ready to add those lenses to your system? Why not give us a call or send us a note today?