Cream Rises to the Top
When business may be getting slow, how do you rise to the challenge? Section 179 can take you there.
What you need to know about Section 179 as a business owner:
- IRS Code enacted to help small businesses.
- Allows you to take a depreciation deduction for specific assets in one year, vs over a longer period of time. Example: equipment or machinery purchased with MTCC!
- You can take the deduction on an asset acquired within its first year.
- This can lower your tax liability, by lowering your taxable income.
**Please make sure to consult with your accountant prior to utilizing these suggestions.