Modern Office | Smart Collaboration
How to leverage the Section 179 Deduction for your Business

If you’ve been considering an office tech refresh – replacing old PCs, upgrading your conference room, or getting security cameras – now is the time to take advantage of tax cash flow savings.

Thanks to Section 179, businesses can deduct up to $1 million in qualifying purchases from their 2019 income. If you’re not familiar with the Section 179 Deduction, the guidelines are pretty straightforward:

  • Section 179 allows businesses to deduct the full purchase price of qualifying equipment purchased during the tax year.
  • Most tangible business equipment and off-the shelf (i.e. not custom) software qualifies. (See this list for examples of qualifying purchases)
  • The equipment and software must be purchased/financed and in place by midnight December 31, 2019 to be deducted for the 2019 tax year.
  • The deduction begins to phase out if more than $2,500,000 of equipment is purchased. Larger businesses that spend more than $3.5 million on equipment won’t get the deduction, but they can take advantage of the 100% Bonus Depreciation in effect for 2019.

Want to make the most of this tax deduction while preparing your business for another successful year?  Here are the top three technology investments to consider:

WINDOWS 10 PCs OR LAPTOPS

If you still have computers running Windows 7, replacing these PCs should take top priority. Windows 7 will reach end of support January 14th, 2020. Continuing to run Windows 7 or even older operating systems will make you an easy target for hackers and viruses. Plus, old devices can take a serious toll on productivity: after about 3 years, PCs slow down substantially and become much more prone to failure.

Taking a proactive approach and replacing computers before they become a hindrance can save you time, money, and lots of frustration in the long run. Luckily, there are tons of great new PC options out there for any budget – visit our online store to check out the latest desktops, laptops, and tablets.

NETWORK SECURITY UPGRADE

With more and more hackers setting their sights on SMBs, network security has never been more important. And no good network security strategy is complete without a solid firewall.

Consider upgrading to a firewall that can protect you from the latest threats, including zero-day attacks and encrypted threats (like Crypto) that traditional firewalls may not catch.

CREATE A SMARTER MEETING ROOM

For many offices, the technical difficulties caused by older conference room equipment have made meetings a recurring pain point.

But modern technologies are transforming the way we meet, making it easier to collaborate and keep meetings on schedule. Smart Collaboration Displays, for example, bring together video conferencing, digital whiteboard & presentation in an easy-to-use touchscreen display. And with built-in cameras, speakers and microphones, everyone can be seen, heard, and actively participate in group discussions.

Make the most of your Section 179 Deduction! Give us a call or contact our team of business consultants to find the technology investment that’s best for your business.