The end of the year is approaching fast.  As a business owner, here’s a few questions that may save you money this year:

  1. Did you pay tax last year?
  2. Are you profitable this year?
  3. Would you like to reduce your payable tax for 2016?

If you answered yes to any of the above, an equipment purchase in December may be a good fit for you.

Section 179 allows business owners to write off up to $500,000 for non-tax capital equipment leases.  If you have not hit that mark, adding a piece of equipment and being able to write off this year is worth checking into.  For example, a $20,000 purchase saves $6,000-$8,000 in payable tax in 2016.  For more information about Section 179, click here.

American  Capital Group provides programs to assist those business owners looking to utilize Section 179.  Have a piece of equipment in mind?  Click here to get a customized financing option.