IT as a Tax Deduction

Section 179 Saves Small Businesses Hundreds of Thousands of Dollars

As a small business, CodeBlue works in the interest of small business. End of Year for most small businesses is a busy time. Planning for projects and improvements can often get shuffled to serve your customers in their time of need.

In order to capitalize on the end-of-year improvement schedule, we’ve put together a summary of our 2017 Tax Guide for owners to review before the end of 2017.

Section 179: Small Business Office and Technology Write-Off

500K Max Write-Off for 2017

Every year since 2008 the U.S. Government has allowed for the deduction of a set amount of your office and technology expense. From it’s humble beginnings as a an economic stimulus, Section 179 has become a viable method to improving and upgrading your businesses infrastructure.

2017 allows for the deduction of a half million dollars in qualifying expenses

Please keep in mind that to qualify for the Section 179 Deduction, the equipment listed below must be purchased and put into use between January 1 and December 31 of the tax year you are claiming.

• Equipment (machines, etc) purchased for business use
• Tangible personal property used in business
• Business Vehicles with a gross vehicle weight in excess of 6,000 lbs (Section 179 Vehicle Deductions)
• Computers ( This can be Servers, Desktops, Laptops, Tablets Networking Equipment, Storage, etc…)
• Computer “Off-the-Shelf” Software
• Office Furniture
• Office Equipment
• Property attached to your building that is not a structural component of the building (i.e.: a printing press, large manufacturing tools and equipment)
• Partial Business Use (equipment that is purchased for business use and personal use: generally, your deduction will be based on the percentage of time you use the equipment for business purposes).

Make 2018 a prosperous year. A technology upgrade is not only a great morale booster, it affects your customers too. Happy employees make happy customers. Systems that run fluidly and quickly positively affect your entire company.

Our staff of Solution Advocates are grateful to guide anyone through this decision and sourcing process. Please contact us today at 804–521–7660 or sales@codebluetechnology.com

This Blog is written by Michael Bergamo — Senior Technologist and Brand Advocate at CodeBlue Technology