Section 179

18 12, 2022

Section 179: What You Need to Know

2022-12-18T06:27:22+00:00

Death and taxes, right? Neither can be escaped. But sometimes the Internal Revenue Service (IRS) actually puts something in place that’s intended to help business owners. Meet Section 179, written to motivate the economy to move in a positive direction by encouraging businesses to purchase new or used equipment. Typically, equipment purchases are depreciated over [...]

Section 179: What You Need to Know2022-12-18T06:27:22+00:00
12 12, 2020

New Changes to Section 179 Tax Deductions on Equipment Financing

2021-01-06T12:07:05+00:00

If there’s one thing most Americans would agree on, it’s that 2020 has been a particularly challenging year, especially for small businesses. One of the bright notes in an otherwise somber time comes with the news that the ceiling for Section 179 deductions — which allow businesses to write off the entire purchase prices of [...]

New Changes to Section 179 Tax Deductions on Equipment Financing2021-01-06T12:07:05+00:00
16 06, 2019

Using Section 179 for Tax Deductions

2019-06-16T00:41:19+00:00

At first blush, you may wonder why a company focused on alternative lending has chosen to highlight a specific tax deduction this month — but it will become very clear as you continue to read. Information like this demonstrates the fact that Clear Skies Capital (CSC) does more than just support businesses with funding, but [...]

Using Section 179 for Tax Deductions2019-06-16T00:41:19+00:00
30 11, 2018

Use Section 179 for Tax Deductions on Equipment Financing

2019-04-15T19:27:44+00:00

No one really likes to talk about taxes, since they’re often considered a necessary evil, but your small or medium-size business may be missing out by not taking advantage of all the deductions available to it. One of the most advantageous is Section 179 — which allows businesses to write off the entire purchase price [...]

Use Section 179 for Tax Deductions on Equipment Financing2019-04-15T19:27:44+00:00
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