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