Section 179 of the IRS tax code allows businesses to deduct the purchase price of qualifying equipment and/or software purchased or financed during the tax year.
This means that if you buy or finance a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE (up to $500,000) from your gross income. It's an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. Equipment must be purchased and placed in service by 12/31/17.
Complete Capital Services is a nationwide Tier 1 machinery lender, offering competitive rate financing solutions designed to help acquire the assets needed for your company's growth while preserving your working capital and cash flow.