With the year we all have endured, we could all use a little extra savings this upcoming new year. With tax season quickly approaching, it is time to prepare your assets and start saving today.
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment by the end of 2020, you can deduct the FULL PURCHASE PRICE from your gross income.
Did you know one of the most popular uses of the Section 179 deduction is for vehicles? Most people think the Section 179 deduction is some mysterious or complicated tax code. It really isn’t; click here to learn more – your business may be eligible!
There is still time to save!
Make your van work like YOUR van with big savings on an Advanced Work Vans’ upfit for your new Ford Transit or Ford Transit Connect! Work with the Advanced Work Vans team to complete a customized upfit and earn extra upfit assistance on qualifying upfit amounts. Get the upfit your business needs to be safer and more productive with our special savings promotion available through January 31, 2021. Learn more here.