Jump on this End-of-Year Tax Break to Transform Your Business with New Technology!

Posted on Nov 19, 2019 in Jeff Nolte's Blog

New tax reform rules provide for a significant increases in the ability to generate a tax break on technology and equipment purchased, financed or leased in 2019.

The maximum amount a business can use for Section 179 expensing has been increased to $1,000,000 for purchases of both new and used equipment.

In addition, immediate expensing has been expanded to include commercial building enhancements such as Wireless signal boosting, IT network infrastructure and security systems.

The bonus depreciation is 100{3b3c2c4b05237dc71f8c61646acc7a492c4f8efec63bbc3e74b96e7bbaa7bece} of the cost remaining after the Section 179 write-off. In effect, this makes the equipment acquisition fully deductible without limitation.

More details and a helpful Deduction Calculator at www.Section179.org

Time is running out for this 2019 tax break… Check in with your CPA and then contact Jeff Nolte at CTS for help in mapping out your path to new technology…

Contact CTS today: 800.787.4848 or jnolte@ctsmd.us.