Every business has a need to purchase equipment to operate on an ongoing basis. JTECH equipment that you purchase for your business is considered qualifying equipment for the Section 179 Deduction. Essentially, Section 179 makes purchasing equipment during this calendar year financially attractive and there is no guarantee this will be available next year.
What is the Section 179 deduction?
"Most people think the Section 179 deduction is some arcane or complicated tax code. It really isn't."
"Essentially, Section 179 of the IRS tax code allows businesses to deduct the majority of the purchase price of qualifying equipment purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the MAJORITY OF THE PURCHASE PRICE from your gross income. It's an incentive created by the U.S. Government to encourage businesses to buy equipment and invest in themselves."
For more information on the Section 179 Deduction we invite you to visit section179.org or talk to your accountant about your specific benefits. Once you understand how Section 179 can financially benefit you, we would be happy to discuss the purchase and implementation of JTECH equipment into your practice.