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Today, we’re writing to make sure you’re aware of an awesome tax deduction, available only in 2013 – Section 179.
Section 179 of the IRS tax code lets you deduct the full purchase price of qualifying equipment and/or software purchased or financed (and put into use) during the 2013 tax year. In other words, you may be able to deduct the full amount of your Bindo contract. Woot!
Here’s what you need to know about the Section 179 tax deduction:
Mo’ money for you!
Section 179 is easy to use, but you must elect to take the Section 179 deduction; it’s not automatic. Complete and attach to your tax return Part 1 of IRS form 4562.
There’s even a calculator to estimate how much money can you save.
Note that this tax deduction only applies to purchases made and put into service before December 31, 2013 and keep in mind that Bindo is not a tax advisor. Be sure to consult with your tax advisor about eligibility for the Section 179 Deduction and learn how to make it work for you!
Have you gotten the most of this tax break? Let us know in the comments!
Image Credit: Rose Designs/Shutterstock
What if there was an all-in-one small business management tool for retailers? Sure, the all-in-one printer is nice, but with so much of business being digital, it’s not a key player like it once was. You need something like a multi-purpose tool, a Swiss Army Knife for small business.
Fun is motivational. So is competition. Combine the two into a retail sales game, and suddenly you’re building morale among employees while motivating them to accomplish company goals. Before we discuss ideas for games you could potentially use, let’s look at some key components of a motivational retail sales game.
