You’d be surprised how quickly tax season shows up. It’s now less than a year away, and quarterly taxes are just two months away. It’s time to start girding yourself for mounds of paperwork and, yes, surrendering your hard-earned cash.
It’s not all bad news, though. If you’ve purchased or leased any equipment this year, you may just be eligible for a pretty nice tax break. This tax break may give you a little extra change to play around, or at the very least keep you from needing to shell out thousands in pursuit of that giant piece of (necessary) equipment.
We extoll the virtues of Section 179 on a frequent basis here, so I’ll refer you to a few of our greatest hits on the subject.
If you’ve read up, then back to the topic at hand. Section 179 is, to put it mildly, a huge boon to your business. Any eligible business should pursue it, particularly because the tax benefits will fall dramatically again in 2013, as they have done the last couple of years. At this point, it’s still very much worth chasing, and the process is relatively simple.
Do you plan to go for a Section 179 deduction? Let us know, and if you are, be sure to check out our equipment finance programs!
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