Do the ESA capital investment incentives apply only to construction equipment?
Most businesses do everything they can to pay as little in taxes as possible. The Section 179 tax deduction is in place to encourage businesses to buy equipment. This deduction can take a company that owes thousands in taxes down to owing nothing. The best part is that, in some cases, they can take this deduction even while using our lease financing programs. Imagine being able to close a sale, give the customer an inexpensive way to make the purchase, and potentially save them a bundle in taxes. It’s a no-brainer… Small businesses benefit from Section 179 tax deduction Typically, if property for business has a useful life of more than one year, the cost must be spread across several tax years as depreciation with a portion of the cost deducted each year. But there is a way to immediately receive these income tax benefits in one tax year. The provisions of Internal Revenue Code Section 179 allow a sole proprietor, partnership or corporation to fully expense tangible property in the y
