Parker Data & Voice Helps SMBs Use IRC Section 179 to Benefit from Significant Tax Deduction on New Technology
October 24th, 2018 by admin
HUNTSVILLE, TX – October 2018 — Parker Data & Voice, LLC & PV Technology Services, LLC, a leading managed technology services provider, announced today that the company is helping customers take advantage of a large tax-break for small to mid-sized businesses with Internal Revenue Code (IRC) Section 179. Section 179 of the IRS tax code allows businesses to deduct the purchase price of qualifying equipment and/or software purchased or leased during the tax year. Essentially, it’s an incentive created by the U.S. government to encourage businesses to buy new equipment such as technology and invest in their companies.
This program provides a means for business owners to access much needed savings on major purchases of technology equipment, software or business phone systems. The Section 179 Tax Deduction limit on qualifying business equipment is $1 million, which is up $500,000 from last year. The phase-out threshold on qualifying equipment purchases is $2.5 million, up $1 million from 2017.
Posted in: Press Release