Small business owners take note, with the Section 179 deduction small companies save big! Business owners who acquire equipment for their business, including medical equipment including EKG machines and spirometers, can elect for a section 179 tax saving.
This tax saving allows a small business to obtain an enhanced deduction in a single tax year, rather than a little at a time over a number of years. This deduction is known by its section in the tax code: a section 179 deduction.
Under this section, businesses that spend less than $2,000,000 a year on qualified equipment may write off up to $500,000. Because this section is designed to benefit small companies, this deduction phases out dollar for dollar when a business purchases more than $2,000,000 in one year.
For more information or to purchase medical equipment, call 877-646-3300 or visit Medical Device Depot.