"Section 179" refers to Section 179 of the Internal Revenue Service Tax code. Instead of depreciating newly acquired equipment over several years, Section 179 allows a business to take a current year deduction on the equipment purchase.
Taking advantage of the Section 179 deduction can have a significant impact on taxable income, particularly when financing is used to acquire the equipment. Just a few of the benefits include:
- Many businesses prefer to lease equipment and use the Section 179 deduction because this can have a significant positive impact on both cash flow and profits.
- Acquire and write off $250,000 worth of equipment, without actually spending the full $250,000 this year
- In some cases the amount you save in taxes will be more than the total of you first year's payments
If you have been considering purchasing new equipment for spinal rehabilitation,
there is no time like the present.
But to take advantage of section 179, you need to act now!
Contact me today to see how to get a SpineSix
delivered to your facility before time runs out!
This Blog is maintained by MediCepts, Inc, manufacturer of the SpineSix.All content has been provided by employees of MediCepts, Inc.
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