if you have a profit this year, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves. So, if you have been holding off on upgrading the company vehicles, computers, manufacturing machines, network equipment, etc., check with your accountant to see if this would be a good solution for you. It's not too late!
Read what the IRS has to say: