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Many business owners are unaware that the acquisition of equipment under a $1 purchase option lease or Equipment Finance Agreement (EFA) qualifies for the tax break provided under Section 179 of the Internal Revenue Code. Subject to limitations, Section 179 allows taxpayers to take an outright deduction equal to the full purchase price of qualifying equipment purchased during the tax year, and a $1 purchase option lease or EFA is considered a purchase under the Internal Revenue Code.
Your business relies on your technology infrastructure. But how can you keep up and be an expert in all areas?
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Make allied your single source for technology equipment and service you can count on.
There’s an easier way to capture, manage, access and share content. Let us show you how to save time, money, storage space and headaches by automating key business practices with a digital document management system.
Allied Business Solutions provides the most innovative and dependable products designed to enhance workflow and create eye-catching image quality. Our award-winning multifunction printers (MFPs) and laser printers offer features that optimize productivity, control costs and mitigate security risks. Capabilities beyond print, copy, scan and fax.
Working outside of the office is nothing new. In fact, your sales team has probably been working from the road for quite a while. However, what has changed is the way that we remotely work. Technology has made it possible for us to work from just about anywhere with an Internet connection.
*The above is promotional material. It does not affect the terms of any contract with us. It is not intended to and does not constitute tax advice. It is based on assumptions that may not apply in your situation. You should contact your own tax advisors to confirm how applicable tax rules apply to your business and your equipment acquisition.
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