06 Dec Have You Maxed out your 179 Deductions for 2016?
Rarely does the IRS make regulations that benefit either individuals or small businesses. In fact, typically the IRS tax code makes it as hard as possible for small businesses to operate.
Having said that, let’s give the government credit for doing something beneficial for businesses – Section 179.
In short, Section 179 allows businesses to deduct the full amount of the purchase price of capital equipment vs. suffering through the agony of a depreciation schedule (certain limits apply).
Section 179 is a fantastic incentive for businesses to purchase, finance or lease capital equipment this year.
Of course your tax adviser knows what’s best for your individual situation.
In light of this benefit for your practice, Sunshine OPH is offering some great end of the year specials. So call your tax adviser today to see if there is a benefit you can take advantage of this year and keep more of your money in your pocket rather than in Uncle Sam’s.
Call us today for details or visit www.sunoph.com and check out what we have.