RESOURCES

Tools and Tips to help close more sales with your financing program

This page is dedicated to providing additional resources that can assist when offering your customers the financing program you’ve designed for their market. Our goal is to make this a fluid and simple process, for your customer and your sales team, from start to finish.

SECTION-179 TAX BENEFITS

LEARN HOW IRS SECTION-179 TAX BENEFITS CAN HELP YOUR CUSTOMERS TO GET THE TECHNOLOGY THEY NEED

What is Section-179?

Internal Revenue Code Section 179 allows businesses to expense the full purchase price of qualifying equipment and/or software purchased during the tax year. When you buy a piece of qualifying equipment, you may be able to deduct the full purchase price on your business income tax return.

Bonus Depreciation

Section-179 allows businesses to deduct additional depreciation for the cost of qualifying equipment beyond normal depreciation allowances. It is designed to stimulate the purchase of new technology by businesses of all sizes.

  • IRS section-179 allows 100% bonus depreciation for all qualified purchases made between September 27, 2017 and December 31, 2022.
  • Bonus depreciation for 2023 is 80%.

INSIGHT POSTS

LEARN MORE ABOUT HOW FINANCING CAN BENEFIT YOU AND YOUR CUSTOMERS

Why Offer a Financing Program?

Upfront cash outlay, budget concerns could cause some lost sales. Today’s businesses offer financing programs because most customers suffer from “sticker shock” on the upfront cost or cannot afford a large upfront cash expense. Consider this common customer’s …

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