Congratulations on another successful year for your business!
Taxes may not be on your mind right now, but the end of the calendar year is an ideal time to think about purchasing hardware and software. Section 179 of the tax code allows businesses to deduct the full purchase price from your business’s taxable profits. This is the government’s incentive to invest in yourself.
Unlike some depreciation that you can deduct over time, Section 179 allows you to deduct the full price of qualifying equipment and software purchased (and put into service) during a single tax year.
This December, consider cybersecurity solutions that can both help lower your taxes and protect your business. Qualified IT and security products include:
- Computer upgrades
- Security cameras
- Network firewall
- Anti-virus software
- Uninterrupted power supplies (UPS)
Designer Security does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.