• Skip to primary navigation
  • Skip to main content
  • About
  • Areas Served
  • Industries
  • Events
  • Blog
  • Case Studies
  • ARM Portal
  • Pay Now
  • Request Consultation

Advantage Technology

Advantage Tech logoAdvantage Tech logo light

Cybersecurity & Managed IT Service Provider

  • Managed IT
    • Managed IT
    • Antivirus & Spam Filtering
    • Data Backup & Recovery
    • IT Help Desk
    • Maintenance & Support
    • Remote Monitoring & Management
  • Cybersecurity
    • Cybersecurity
    • Services & Solutions

      • Cloud Security
      • Data Loss Prevention (DLP)
      • Email Security
      • Encryption
      • Endpoint Security
      • Identity & Access Management (IAM)
      • Managed Detection & Response (MDR)
      • Multi & Two-Factor Authentication
      • Network Security
      • Security Information & Event Management (SIEM)
      • Web Security
    • Audits & Testing

      • Cyber Security Risk Assessments
      • Cyber Threat Intelligence
      • Digital Forensics & Incident Response (DFIR)
      • Penetration Testing
      • Vulnerability Management
  • IT Infrastructure
    • IT Infrastructure
    • On-Premises

      • Network Administration
      • Security Camera Installation
      • Server Consolidation
      • Server Installation & Maintenance
      • Server Migration
      • Structured Cabling
    • Cloud-Based

      • Cloud Migration
      • Cloud Hosting
      • Colocation Data Center
      • Virtualization
    • Phone & Telecom

      • PBX Phone Systems
      • SIP Phone Systems
      • Unified Communications (UCaaS)
      • VoIP Phone Systems
  • IT Consulting
    • IT Consulting
    • IT Staff Augmentation
    • Security Awareness Training
    • Technical Support
    • Virtual CIO
    • Virtual CISO
  • Products
    • Products
    • Computers
    • Networking
    • Security Cameras
    • Servers
    • Telecommunications
  • About
    • About
    • Areas Served
    • Blog
    • Careers
    • Case Studies
    • Contact
    • Events
    • Industries
    • News
    • Team
  • ARM Portal
  • Pay Now
  • Request Consultation

New Law Saves Up To 35% on the Equipment You Need

November 1, 2016 · Advantage Technology · IT Infrastructure

Businesses can take a same year tax deduction for every dollar of equipment they buy or finance, up to $500,000.

If you are currently putting off purchasing equipment or software for your business, good news is coming your way. Thanks to the new Section 179 of the tax laws, businesses can take a same year tax deduction for the money they spend on equipment, even things they finance. The new allowance for the deduction is now $500,000 for qualifying purchases. This much-anticipated provision will provide a huge tax break for capital investments and is intended to make buying equipment like computers and software more affordable.

Section 179 allows a full deduction for the equipment immediately, rather than it being depreciated over the years.  If you thought it couldn’t get any better, consider to this: Many business owners can finance their qualified equipment and will find that their tax saving will actually be greater than the first year’s payment, making buying equipment profitable for the current tax year.

What Equipment Qualifies?

Equipment that qualifies for Section 179 has two general requirements:

  1. The property must be “tangible, depreciable, personal property which is acquired for use in the active conduct of a trade or business.” So land and buildings do not qualify.
  2. The property must be put into services in the year in which you claim the deduction.

This makes technology investments a great idea.

Every business can see benefits from upgrading their computers and networks, so if you have been putting off modernizing your systems, now is the time to take advantage of this opportunity. Let Advantage Technology help move your business forward.

Limitations

The deduction is limited from small to midsize companies and starts phasing out when an organization spends more than $2 million annually on qualifying purchases. It is eliminasdated entirely at the $2.5 million mark.

About Section 179

Section 179 is a law that provides current expensing deductions for those qualified. Previously, the limit started at a minor $25,000 and then was bumped to $125,000. Eventually, this number was increased to $250,000, and now businesses can see a generous $500,000 limitation. Although the Section 179 is available for most businesses, the deduction cannot outweigh the net taxable income from businesses actively ran by the taxpayer.

Read the entire section yourself at www.irs.gov
And get more details at www.section179.org

Let's Talk About Your Ideas

Toll-Free: 866-222-0653
support@advantage.tech

Charleston, WV

950 Kanawha Blvd E. #100 / Charleston, WV 25301
V: 304-973-9537 | F: 304-720-1423

Bridgeport, WV

1509 Johnson Avenue / Bridgeport, WV 26330
V: 304-973-9550

Williamsport, MD

416 South Conococheague St #3 / Williamsport, MD 21795
V: 240-859-2516

Frederick, MD

118 N Market St. / Frederick, MD 21701
V: 304-973-9550

"*" indicates required fields

Full Name*
Send Now

Advantage Tech logo light

Since the early 2000's, Advantage Technology has been providing reliable managed IT services to organizations across a range of industry types. With multiple offices located in West Virginia and Maryland, we tailor our IT solutions to the unique needs and requirements of businesses throughout the Mid-Atlantic region.


Company

  • About
  • Areas Served
  • Blog
  • Careers
  • Case Studies
  • Contact
  • Events
  • Industries
  • News
  • Team
  • Request Consultation

Managed IT

  • Antivirus & Spam Filtering
  • Data Backup & Recovery
  • IT Help Desk
  • Maintenance & Support
  • Remote Monitoring & Management

Cybersecurity

  • Services & Solutions
  • Audits & Testing

IT Infrastructure

  • On-Premises
  • Cloud-Based
  • Phone & Telecom

IT Consulting

  • IT Staff Augmentation
  • Security Awareness Training
  • Technical Support
  • Virtual CIO
  • Virtual CISO

Link to company Facebook page

Link to company Instagram page

Link to company LinkedIn page

Link to company Twitter page

Link to company YouTube page

© Copyright 2023 | Powered by 321 Web Marketing