2020 Section 179 Deduction

Take Advantage before it’s too late

 

SAWIN Pro and Basic software qualify for tax deduction via Section 179. Find out how investing in your company can be cheaper than you thought.

2020 Section 179 Deduction Summary

What is Section 179 Deduction?

The IRS tax code Section 179 allows for a business to deduct the full purchase price of qualifying equipment which includes service automation software purchased or financed during the tax year. Meaning if you buy or lease SAWIN Pro or Basic you will be able to deduct the FULL PURCHASE PRICE from gross revenue. The purpose of this tax benefit is to encourage businesses to invest in equipment and technology that will help the service industry experience continued growth.

Deduction Limits

Deduction limits for 2020 have been established and your service automation software upgrades are included in the $1,040,000 allowance for 2020

How much could you save?

If you are taking advantage of Section 179 tax code in 2020 you could see some serious saving this year. How much? Section179.org has put together a tax deduction calculator to see just how much you can save. Try it out here.

SAWIN Pro Enterprise

Feature-rich, self-hosted platform with a comprehensive financial and accounting backend. Ideal for companies needing a fully-integrated solution.

SAWIN Basic

Cloud-based solution with a full-set of modules to run any business, any size. Ideal for companies with an existing accounting software.