As we reach the mid-point of the year, we wanted to remind everyone of the Section 179 Deduction for 2018.
This year businesses are allowed to deduct up to $1,000,000 of the cost of new or used equipment. The equipment must be purchased, installed, and put into service between January 1 and December 31st 2018. Section 179 also allows for Bonus Depreciation of 100% in 2018.
Learn more about Section 179 here, or speak to your tax professional for eligibility and specifics.
The deduction provides the perfect opportunity to expand your company’s capabilities and take advantage of a deduction designed to encourage companies to invest in themselves.
If you’re ready to maximize productivity and boost your bottom-line before the end of the year, request a quote today or contact a member of the Hornet Cutting Systems sales team at +1-844-209-5552.
*Hornet Cutting Systems recommends consulting a tax professional regarding eligibility and specifics of the Section 179 deduction and how it applies to your business.