Tax provisions accelerate depreciation on qualifying business equipment, office furniture, technology, software and other business items. When you finance such purchases with Ascentium Capital, you may deduct a significant portion, up to $510,000 in 2017 (to be adjusted for inflation). There is a dollar-for-dollar phase out for purchases over $2 million. Additionally, any qualifying purchases in 2017 may also take 50% bonus depreciation in the first year plus their regular MACRS depreciation on the remaining 50% portion of the cost basis. Consequently, not only will Section 179 help bolster your bottom line, you garner the benefits of new equipment and technology that will help grow your business.
To capture these tax savings, qualifying property must be placed in service before December 31, 2017. Simply choose your business equipment and Ascentium will design payments to help you make a profitable decision.