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Taxes and write-offs make for complicated stuff. While you’ll want to reach out to your accountant or tax professional about how Section 179 will work for your business, you can read through the basic steps below:
1. Buy software.
Purchase a Smart Service software package through your sales representative before December 31, 2017.
2. Write it off.
Consult your tax professional about applying IRS Section 179 towards your company tax returns.
You can write off as much as $1,750† on a $5,000 software purchase. That’s effectively a 35% discount!
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†Example assumes a 35% tax bracket. For an estimate on what Section 179 means for your company, consult your accountant or tax professional.