Category Archives: Tax “Advice”

“Advice” heavily emphasized

3rd Quarter Section 179 Update

Let me take a quick break from my maintenance agreement series and discuss Section 179 for a moment. Here we are, well into September, and we’re staring the fourth quarter of 2018 right in the face. And now that the third quarter is coming to a close, where are you on your Section 179 spending? To be honest,… Read More »

Section 179 for 2015

Happy New Year, everyone! Whew, that was some end to 2014, wasn’t it? But before we take a look at Section 179 for 2015, let’s recap 2014 a bit in regards to our favorite small business tax deduction. For most of the year, Section 179 sat at a maximum deduction of $25,000. I posted about it several times,… Read More »

Holiday Poem

Let’s do a little poem for the holidays… Twas a night in December In an office on a hill Where the executives all gathered With their accountant named Bill “Your taxes are too high” Said Bill with a frown We have nothing to claim To bring the number down “But what can we do?” The executive VP did… Read More »

All quiet on the Section 179 front

Long time readers are probably wondering when I am going to mention Section 179 again (there’s an office pool here too). Well, your wait is over. Today’s the day. I wish I had huge news that Section 179 got a sweet increase, but I don’t. So far, nothing has happened in regards to Section 179. The limits are… Read More »

Last Call for Section 179

Here we are, right at the end of December. And besides the holidays and presents and eggnog and such, we have my favorite year-end event – Section 179. While other companies slow down for the holidays, equipment financing companies always see a little year-end spike as folks try and take advantage of the generous tax code. (…on that… Read More »