Section 179 is a tax deduction implemented to help business owners recover some of their overhead costs, specifically, technology costs. In December of last year, congress signed and passed the PATH Act which increased the cap on Section 179 to $500, 000 for 2016. This is an invaluable resource for business-owners trying to develop in an increasingly technological market.
By giving businesses the ability to write off the full amount spent on qualifying items, Section 179 can help fund and facilitate upgrades to a variety of business resources including technology and workspace. But there is a small catch; only items purchased and installed by December 31st, 2016 will qualify.
Whether it’s providing an unparalleled technology partnership or spreading the word about important resources – like Section 179 and its benefits – Apex Technology Management is committed to helping local business-owners optimize their business goals. Apex will even be hosting a webinar, open to local business-owners, covering the basics and benefits of Section 179. As a member of the local business community, Apex is consistently seeking ways to help keep local business-owners informed and empowered.
If you’d like to connect your business-minded audience with more information about how they can take advantage of Section 179 and registration details for the Apex-hosted webinar, please don’t hesitate to reach out to Apex CEO Scott Putnam for more information or visit https://www.apex.com/section-179-webinar.