This is the Last Month to take advantage of Section 179.
Year end is when many small businesses look closely at what their final tax liabilities might be. Many businesses tend to make their equipment investments at years end because of this. Did you know that your company can lease equipment and still take full advantage of the Section 179 deduction? Section 179 essentially allows you to deduct the full purchase price of equipment as well as off-the-shelf software* that you have financed or leased for this calendar year (Up to $1,000,000 in total value). You avoid complicated depreciation schedules and keep your cash reserves intact.

* Some Restrictions apply: Vehicles with 6,000+ pounds GVW, are limited to a $25,000 deduction. Not all off-the-shelf software will qualify. Websites do not qualify.

Also at Tri-Lease, LLC we can also help defer your payments for 90 days so you make no payments until 2019, yet claim the entire purchase on this years books.

Please let us know below in the comments section what you think about this blog topic. Also we would love to hear if you have any blog topics you would like to see in the future.