Act Now – Tax Benefits for those who do NOT wait:
Significant issues with the technology supply chain mean you could lose out on this valuable "hidden tax relief," and yes, it is legal.
Executive Summary:
A rarely used tax benefit: There's a little-known (with even fewer taking advantage of it) portion of the tax code called Section 179. Where you can write off the entire cost of new IT hardware and software within this tax year (rather than depreciating it over a few years), don't believe me; ask your tax professional about it.
The clause: To qualify, you must make the purchase and put it into service by the end of the day on December 31 (that's right, less than 50 days away)
The urgency: The technology supply chain is having severe issues right now. You really should invest now in anything you think you'll need in 2022 now.
Have you heard of Section 179 in the tax code?
It's part of the IRS tax code aimed at helping small businesses, just like yours.
When you buy new equipment or software, you can deduct the total purchase price from your gross business income this year rather than depreciate it over a few years.
Its purpose was to encourage you to invest in your business. And it's a generous relief… for this year; you can write off up to $1,050,000.
Where can I learn more about this?
You can find a comprehensive guide with illustrations and information you can discuss with your CPA; this website has been invaluable.
If you want new computers, technology, or software, you need to act TODAY.
The one caveat is that you must have purchased the equipment or software and put it into service by the end of the day on December 31.
With the technology supply chain is having severe issues right now (just like everything else). As a result, it's currently very challenging to get hold of certain pieces of equipment with the exact specifications you may need or want.
So, you really should invest now in anything you think you'll need in 2022 now. Think about your new hires, your plans to move to the cloud, and how productive everyone would be with new equipment.
This is serious!
It does need your urgent action if you want new technology in time to benefit from the tax relief for this year.
I have our team on standby to help you.
Unlike most IT support companies, we know all about Section 179 and its importance to act now. We've been getting ready for this for months.
Here's how you may reach us:
- Call us now at (844) 727-6448 and discuss what you need.
- Email us at hello@WTSci.com
- Book a 15-minute video chat at a time that suits you at https://www.WTSci.com/AlanHelbush this will make it is easy for you to compare our calendar to yours and book an appointment.
