Section 179 deduction – technology
As the end of the fiscal year approaches, now is the time to ‘use it or lose it’ when it comes to your firm’s hardware and software wish list. As you likely already know, you’re allotted funds toward technology purchases thanks to the Section 179 deduction. Technology that qualifies for this tax break includes servers, computers, tablets, networking equipment and off-the-shelf software, among other items, per BizTech.
While you don’t have to spend your money on technological upgrades, you might want to since unspent funds are collected as tax! Schedule a free consultation now to discuss your tech needs for the coming year and re-invest those resources to better support your plans for 2021. To schedule a meeting to review your specific tech goals, email hello@sortedsol.com or call us at (206) 316-9990.