As we enter into the final days of the year, I’ll remind you one more time to take advantage of Section 179 for 2021. There’s a deduction of up to $1,050,000 just waiting for you, and if you don’t use it, well, you’re just leaving money on the table. Now, all year I’ve been harping on the effect… Read More »
Every year, I do a wish list around the holidays, and 2021 is no different. Let’s see what I’d like under the tree for this year. A Nice Increase for Section 179 Section 179 was made permanent a few years ago, and it’s received small annual increases since (this year it’s $1,050,000, up 10K from 2020’s $1,040,000). Ok,… Read More »
As we move through the 4th quarter of the strangest year ever (after the last strangest year ever), I’m struck by how things have changed, but also how many things have stayed the same. One thing that is sure to remain is companies rushing to get a Section 179 purchase or three in before the deadline. And as… Read More »
If you read here at all, you know I’m big on Section 179. It’s only the best tax deduction available to small and mid-sized businesses, and can make a huge difference in your bottom line. *For those who don’t know, Section 179 allows businesses to write off the full price of qualifying equipment (which is almost anything a… Read More »
2021 has been a weird year. The pandemic is still hanging in there, but we’re moving forward to some sense of “normality”. But this normal is indeed a “new” one. Regardless of where the economy is going (and we’re quite optimistic here), it’s clear that on the whole, everything is going to cost more for the foreseeable future. … Read More »