As a full-service business finance company, Priority Funding Solutions sees this trend year over year.
Why is this?
When a business makes capital expenditures towards assets such as machinery, vehicles or equipment there are tax deductions available for them to take advantage of.
These deductions allow business owners to save money on their business tax return.
Further, these business owners may be able to take larger deductions in the year when they first purchase this new equipment.
Taking this deduction in the first year is called a Section 179 Deduction.
The Section 179 Deduction can provide your business substantial tax relief and is still available for the 2017 Tax Year!
Please note that this equipment MUST be financed and in place by midnight December 31, 2017.
There’s still time to take advantage of this deduction through Priority Funding Solutions funding programs, providing fast approvals and competitive financing terms for your capital expenditures.
Contact Priority Funding Solutions to see how much your business can save today!