When a brand new employee joins your organization, chances are they are given a laptop that has been handed down several times before. It’s not unusual for organizations to aim to stretch their computer system abilities over the course of a decade, and as the dust settles in, it’s not a surprise when computer systems “suddenly” stop working.

We see technology as a way to make life easier, but when your tech starts to stop working, it steadily creates new problems and ultimately costs you more cash in downtime and lost efficiency than it would cost to buy new devices.

Here’s the good news: The federal government understands this desire to save cash by updating your equipment less often–and they’re combating it with Section 179.

What’s the Section 179 Tax Deduction? Well, instead of waiting for your devices to fail on you, Section 179 lets you subtract the full price of any qualifying equipment or applications bought or rented during the year. This includes:
Purchased, financed or rented equipment
Desktops, laptop computers, tablets, mobile phones
Servers, printers, routers, network switches, network security devices
Off-the-shelf applications (productivity, administrative, operating systems, etc.)

Now, there’s no reason to delay purchasing or renting hardware and software when you can write-off the total. Organizations that buy, finance or rent less than $2-million in new or refurbished businesses technology qualify. You just need to ensure the equipment and applications are placed into use by December 31, 2017.

For the majority of situations, applying the tax break will be as simple as subtracting the total of the purchase as a Section 179 cost; although, in some cases it can be a bit trickier. For more information about Section 179 or if you need assistance getting going, contact us to request your free, no-obligation Section 179 assessment.