Plan Now to Capture Section 179 Tax Savings in 2017!
If you are considering purchasing new capital equipment, including tank upgrades and EMV kits and pumps, Section 179 allows you to capture the full tax depreciation benefit in the year of acquisition and installation. To get this 2017 tax benefit, equipment needs to be installed and operating by Dec. 31, 2017.
Utilizing Section 179 can bring significant cash flow to your business. There is also discussion that Section 179 may not survive the proposed Trump tax overhaul, in which case it may not be available for 2018 purchases.
To learn more, click here to read Patriot Capital’s October Newsletter.