Under IRS Section 179, the government is offering major tax incentives for capital expenditures on technology and equipment.
There is a catch. If you fail to take action quickly, the tax break will fly away as fast as the old year passes.
The time is now. Set your office free from paper with document management software and scanners, and get happy returns for years to come.
|Section 179 of the IRS code allows businesses to deduct the full purchase price of qualifying equipment and software purchased and placed in service during the tax year, says Wayne Higdon of 25th Hour Accounting Services. Under normal depreciation rules, you would wait for the tax benefit spread over several years.
“I encourage my clients to invest in new technology at this time of year,” Higdon says. “With Section 179, most businesses can deduct the full cost (purchased or financed) from gross business income now. This is an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.”
Go ahead. Let the Feds help you to make this year great (and next year even better):
- Invest in more efficient accounting processes: Integrate your AP and AR activities with paperless records, automated workflow and certified QuickBooks™ tools.
- Ramp up your HR records management: Set your HR Department free from filing cabinets and paper employee documents (and the time and energy it takes to maintain it all!)
- Set your office free: With our eBizCloud© hosted document management solutions, integrated forms processing and automated workflow, managing your business from anywhere, anytime, is as easy as turning on your mobile device.
- Go paperless: Digitize your office files with high-quality document scanners.
“Going paperless” with electronic document management solutions will save your company time and money. In fact, most businesses already realize an average return of $6.12 per dollar spent – before applying the tax deduction!
Want to know what kinds of returns on investment your company might achieve? Estimate your ROI in minutes with our online calculator. And, remember, with the tax deduction, your return on investment just got even easier to meet.
What are you waiting for?
Don’t leave your gift from the IRS on the table. Contact us today to find out how you can invest in your business before time runs out to take advantage of the tax savings!
Here’s an infographic that can break it down for you: