If you are like me, you are thinking about ways to reduce your businesses 2013 tax burden. A great way to do this is to MAXIMIZE your Business Deductions. One way to do this, is to utilize the Section 179 Tax Deduction and make an investment in your office technology.
The current Section 179 Tax Deduction limit of $500,000 is scheduled to decrease to $25,000 on January 1, 2014. In addition, the current first-year bonus depreciation on new capital equipment is 50% through the end of 2013.
Contact Hilltop this week ensure that your maximum tax deduction on qualifying equipment this year.