The Datamax Thinking Blog

Almost all types of “business equipment” new or used that your company buys or finances will qualify for the Section 179 Deduction and/or Bonus Depreciation.

Need a little additional "incentive" to close out your year with the acquisition of office technology? Section 179 and Bonus Depreciation are two components of the 2017 TCJA (Tax Cuts and Jobs Act) that present potential tax savings for your organization if you're in the market for copiers, printers, or other related technology hardware or software.

But you'll need to act fast.  To maximize the current incentive, qualifying equipment must be financed or purchased before January 1, 2023.

Almost all types of “business equipment” new or used that your company buys or finances will qualify for the Section 179 Deduction.

A huge technology procurement incentive still exists for businesses looking for ways to become more efficient and lease or purchase new business equipment.

But the clock is ticking.

Making sure you get the right lease and the right partner is scary. The tips below will tell you how to get it right.

Much like those mortgage commercials that turn the most confident person into a bundle of nerves, the idea of leasing technology makes many business professionals uncomfortable.

Am I getting a good deal? What should I look for? Will I be stuck in a box?

Those and many other questions chase each other round and round during the decision process.

Still, leasing is often the better option for your office – especially if your operating budget is running low. Couple that with the rapid pace at which technology becomes outdated, and leasing is a great option for those looking to keep their tech fresh.

Here are just a few of the most compelling advantages to lease today.

The IRS Section 179 Deduction represents an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.

So, it's the end of another business year and once again you find yourself looking for opportunities in every nook and cranny to improve profitability or searching to boost productivity with some much-needed business technology investment. I don't know about you, but I'd much rather wear myself out looking at endless college football games than wearing myself out trying to improve profits under a late year pressure crunch. Now that's a beat down.  Either way, for most business managers or owners a "best-case" year-end bonus is probably on the line, or "worse-case" — the stress of ensuring basic business survival.