Section 179 Can Save Small Businesses Thousands in Taxes

Every year, business owners reflect on the taxes they are paying. A recent Wall Street Journal article highlighted the average tax rate for larger U.S. corporations is 21 percent, noting “most mid-size and smaller firms pay much higher rates.”

One tax strategy that can be used to lower business taxes and improve cash flow is Section 179. This tax incentive enables those purchasing new or used capital equipment or making site improvements to capture benefits in the current tax year.

To learn more, click here to read Patriot Capital’s April Newsletter.