It is rare to see a mutual agreement between two politicians but on this occasion great policy is sure to follow. Sure more can be done but this is a start, let me introduce you to Section 179 of the IRS Tax Code.
Section 179 of the IRS Tax code allows businesses to deduct the full purchase price of all qualifying equipment. What is qualifying equipment? Don’t worry Freshtemp products qualify, including software.
So what does this mean for you?
Say you spend $1000.00 on equipment, and your company is in a 35% tax bracket, you could deduct $350.00.
To make this as simple as possible just provide your tax accountant with the following forms:
Detailed Instructions 4562 Form
Another great resource is Section179.org