Reminding Business Owners to Take Advantage of the IRS Section 179 Before December 31st
United Business Systems, a leading office technology provider, is advising business owners to take advantage of the IRS Section 179 tax deduction for equipment purchases before the December 31st deadline. Section 179 allows accelerated depreciation on qualifying equipment, enabling businesses to deduct the full cost of eligible purchases made through the end of 2023.
“With Section 179, businesses can deduct the full cost of new office technology this tax year,” said John Kerling, Vice President at United Business Systems. “This benefit may not always be available, so we encourage businesses to take advantage now before it’s too late.”
Helping Businesses Maximize Profits
Under Section 179, businesses can deduct up to $1,160,000 in qualifying expenses, including copiers, printers, IT hardware, software, and more. While United Business Systems specializes in office technology solutions, their philosophy is to constantly share any piece of information they can with business owners that will give them an advantage.
“Our main goal is to help our peers maximize profits,” Kerling added. “Typically, we achieve that by equipping them with the right office technology; however, Section 179 is too important to overlook. We’re happy to share this tax tip. Planning purchases by December 31st lets companies leverage Section 179 for immediate tax relief.”
United Business Systems is not a tax advisory firm; however, the company is passionate about helping their fellow business owners to thrive. As always, United Business Systems recommends consulting with a qualified tax advisor to utilize Section 179 properly. With no guarantee this deduction will continue, now is the time for businesses to take action.