Section 179 of the IRS Tax Code allows businesses to deduct the full price of a purchase of retail equipment or software in the current tax year, provided that it falls within the definitions of this article.
In other words, the state is encouraging investment in businesses, so if you buy new equipment or make your business better that qualifies under this article, you can deduct the total cost on your taxes for that tax year.
This section 179, covers business supplies, improvements, upgrades and all property purchased or leased in the current fiscal year. With all types of businesses in mind, here is a list of those purchases that many businesses need to make that qualify for Section 179.
Here are some limitations to the Section 179 tax deduction:
If you need to make a repair, waterproof or even a complete re-roofing project, you can take advantage of this timely tax reform in Section 179 to make these improvements to your business roof. You could fix all these problems on your roof. Take advantage of this tax deduction to improve your business roof.
This is an excellent opportunity. If you are considering making a repair or improvement to your business roof, do not hesitate to contact us, we will gladly assist you and give you a free estimate.
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