Section 179 deduction limits for 2013: New computers, software and equipment, oh my!

For years now, Section 179 has allowed business owners to take advantage of sweet deductions, but you have to act fast! 2013 is coming to a close and your savings on new business projects will disappear on December 31st.

Happy New Year! It’s amazing, we are already into the 4th quarter of the year. As soon as Labor Day comes we see Halloween costumes, Christmas decorations, and New Year’s party hats spring up in stores. By then, we are all settling into the end of the year swing of things planning holiday events and preparing for vacations.

Conduct a year-end review and plan for 2014 early. How is your business doing? Take time to look at your current standing and plan for the coming year. After all, there are really only three working weeks in November and two in December. If you are going to implement any new changes, now is the time.

Check in on your core activities. Business operations like how you serve your clients, the products you offer, your sales and marketing duties, and even business finances need to be reviewed semi-annually at the very least. This type of audit will help you make informed decisions for the future. You will be able to clearly define new goals for the coming year and identify areas for improvement.

How can Section 179 help me? This section of the tax code was created to help businesses by allowing them to deduct the full amount of equipment purchases this year (with specific limits, of course). Things like new computers, “off-the-shelf” software products, printers and office furniture are all part of the deal. Even if you need a new laptop and it is split between your personal use and business, you can deduct a percentage of the expense.

Every business is different but, we all love extra money! Don’t miss this chance to save. According to,
“Section 179 limits for the year 2013 were increased by the ‘American Taxpayer Relief Act’ which allows businesses to write-off up to $500,000 of qualified capital expenditures subject to a dollar-for-dollar phase out once these expenditures exceed $2,000,000 in the 2013 tax year.”

Keep in mind, to qualify, your purchases must be made and installed by December 31st, 2013. That only gives us about 6 weeks to get your project rolling and completed! Don’t hesitate. If you’ve been considering an upgrade, software purchase, or equipment improvements there is truly no better time.

Give us a call for your FREE Section 179 Network Audit. No pushy sales guys! We will work with you every step of the way to construct a custom upgrade solution for your business needs.

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