One of the best small business tax deductions for 2012 is Section 179 for qualifying equipment purchases. In fact, it can actually enhance your bottom line. Instead of depreciating your asset over multiple years, Section 179 allows you to write off the entire amount all at once as an expense. Now, that’s a business stimulus you can use!
Here’s a quick example to show you the savings on a typical Switchvox phone system, which qualifies under Section 179.
Tax code can be complicated. That’s why we’ve compiled a Section 179 Quick Summary Guide & Tips Sheet to help you learn more about this incredible U.S. tax incentive and see if you can take advantage of it. Download the Section 179 Guide now.
If you’ve been thinking about upgrading your company’s phone system to a new Unified Communication solution, there’s really never been a better time. Hurry, this tax deduction expires on December 31, 2012!