Tagged With "Section"

This guest blog was contributed by Joe Terfler. In the imaging equipment space, the majority of equipment is financed under rental/cost-per-image agreements. These agreements allow the equipment vendor to better manage long-term customer relationships, as the agreements typically allow for the return of the equipment at the end of the term. While the imaging equipment market favors these agreements, another approach that takes advantage of accelerated depreciation can benefit certain...

If you’re an equipment vendor, learning more about how Section 179 of the IRS tax code works could help you sell more – and help your customers get the equipment they need while saving some money on their taxes. Scroll to disclosure: 1 In a nutshell, Section 179 lets businesses deduct the full purchase price – up to $1,080,000 – of qualifying equipment financed during a given tax year. For vendors, raising your customers’ awareness about that provision – including that they can take the full...