Manufacturers, are you maximizing your tax benefits? 💰🏭 With Section 174 fix on the horizon, the new administration is set to extend TCJA and fix section 174, allowing manufacturers to claim full R&D expense benefits for everyday activities. Check our image for a list of qualifying activities that could lead to substantial tax savings! Know a fellow manufacturer who needs this info? Tag them or share the post! Curious if your projects qualify? Book a complimentary consultation with our experts today. https://lnkd.in/g8wvhvTG #ManufacturingInnovation #RDTaxCredit #Section174 #TaxSavings #Manufacturing Dhaval Jadav Matthew Noll Caroline Lake Steve Miller Kathy Petronchak Sonny Grover Sara Khalifa Saarah Lalani Neil Shah Alexander Kirillov Jeremy Fingeret Shane T. Frank Tracy Lustyan Estefania Quesnel Brad Trangsrud Braden Ford Eric Hylton LeeAnn Nagel Greg Knarr Mitchell Ford Lena D. Steffanie Gunn Alyssa Staner
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We still (just) have enough time to process equipment financing if your goal is to reduce your taxable revenues for this year and obtain/upgrade equipment at the same time. Because the equipment for which expense deduction is being claimed has to be put in use in the same year, the next few days would be crucial to start the process. #TaxDeduction #Section179 #EquipmentFinancing #EquipmentFunding #BusinessTips
If you are considering getting equipment but wondering if you can fit it into your budget, did you know you may be freeing up cash by buying it? Section 179 tax deduction allows you to deduct the full expense of the equipment up to $1,220,000, which will lower your tax obligation and retain more of the revenue for the business. Discuss with your tax advisor and reach out to us if you need financing. It's not too late to secure it for this year. Note that to deduct it during the upcoming tax season, the equipment must be purchased and put to use by January 31st of this year. #BusinessTips #TaxDeduction #SmallBusinessStrategy #TaxSavings #Equipment #EquipmentFinancing
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Section 179 of the IRS Tax Code allows qualified businesses to deduct part or all of the purchase amount of qualifying equipment for the year in which it was purchased or financed. By financing equipment through Kapitus, you may be eligible for this tax deduction. DM or call to request for a financing quote and take advantage of end of year tax write-offs. #kapitusequipmentfinance #equipmentfinance #equipmentleasing
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If you are considering getting equipment but wondering if you can fit it into your budget, did you know you may be freeing up cash by buying it? Section 179 tax deduction allows you to deduct the full expense of the equipment up to $1,220,000, which will lower your tax obligation and retain more of the revenue for the business. Discuss with your tax advisor and reach out to us if you need financing. It's not too late to secure it for this year. Note that to deduct it during the upcoming tax season, the equipment must be purchased and put to use by January 31st of this year. #BusinessTips #TaxDeduction #SmallBusinessStrategy #TaxSavings #Equipment #EquipmentFinancing
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Check out the great tax savings information from Luis Perez! Take advantage of the great programs he can offer and start saving a lot of money with a Trash Rocket by Rocket Equipment! Tom Christner
Section 179 of the IRS Tax Code allows qualified businesses to deduct part or all of the purchase amount of qualifying equipment for the year in which it was purchased or financed. By financing equipment through Kapitus, you may be eligible for this tax deduction. DM or call to request for a financing quote and take advantage of end of year tax write-offs. #kapitusequipmentfinance #equipmentfinance #equipmentleasing
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As contractors, every dollar counts. Tax Code Section 179 allows businesses to deduct the full purchase price of qualifying equipment from their 2024 taxes. The filing window opens January 29. Are you prepared to claim your savings? Consult your tax professional today to make sure you’re leveraging Section 179 to its full potential. Read our article to learn about which purchases you made from us that count as qualified equipment. #Section179 #TaxCode #NCFI #NCFIGEO
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Are you familiar with the Section 179 tax benefit? Section 179 is a federal tax deduction that enables businesses to deduct the full or partial purchase price of qualifying new and used equipment purchased or financed, with a limit of up to $3,050,000 within a calendar year. Learn more here! https://bit.ly/3Z4qKmC #UniversalFinancing #UniversalFinanceCorp #EquipmentLeaseOptions
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🍁 Calling all Canadian liquor store owners! Want to save on taxes? 🍷💸 Discover expert tips to maximize your savings and keep more of your hard-earned profits. Swipe for key strategies and start saving today! #TaxTips #LiquorStoreLife #CanadaBusiness #SmallBusinessSuccess #SmartSavings
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Did you know Section 179 for packaging equipment: - Provides significant tax savings - Has generous deduction limits - Increases financial flexibility You don't want to miss out on taking full advantage of this deduction on your purchases before December 31st. Contact us to get your equipment orders in before the end of the year and read our blog today for more information! 🔥 📖 #PackageWithLess #Section179 #TaxBenefits
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As part of the Autumn 2024 Budget measures, the government introduced new anti-avoidance provisions to prevent the abuse of the existing close company anti-avoidance rule. The measure will have effect for any tax avoidance arrangements falling within the scope of the announcements that are made on or after 30 October 2024. #CloseCompanyRules #AntiAvoidanceUK #TaxCompliance
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2moThis is great