Understanding Section 179 Tax Deduction

When you make a decision to purchase or finance property, like a piece of qualifying equipment , you can get tax deductions for buying and using those pieces of equipment , which is also referred to as depreciation. Depreciation simply means a reduction in the value of an asset (like equipment ) within a period of time it is being used.

Tax codes may seem confusing, however these codes are created to help individuals and businesses better understand specific tax rules and laws, while explaining in detail how they apply in different scenarios. So what exactly does Section 179 tax code mean and how could it benefit you? This section allows individuals and businesses to deduct the entire purchase price of qualifying equipment that you purchased or financed during the tax year. That means if you buy ( or lease ) a piece of qualifying equipment , you can deduct the FULL purchase price from your gross income. This tax code is simply an incentive created by the U.S. government to encourage businesses and the community to invest in themselves by purchasing equipment related to their specific trade.

Discover the leading innovations in today’s concrete polishing and epoxy coatings industry with a robust piece of qualifying equipment. Our powerful selection of concrete flooring equipment can transform your old or new concrete floors into elegant surfaces, both interior and exterior. Concrete flooring  is favored worldwide for its simplistic beauty and for the expectation of achieving a spectacular shine. By using innovative  flooring equipment , reliable  tooling  and the proper  supplies , while following the necessary steps, you will accomplish a lustrous, exquisite looking floor finish. Then at the beginning of the year when you are doing your taxes, utilize the Section 179 Tax Deduction to deduct the full purchase price from your gross income. Listed below is a series of qualifying equipment :

Having the proper tools and reliable equipment  for the jobsite can make the difference between winning and losing a bid. To  win more bids  and more business, you need to upgrade or replace the equipment needed to perform your daily tasks efficiently and safely.  Contractor equipment  is expensive and large, however, and it’s not always possible to pay up front for new equipment.

Whether you’re looking to  replace old equipment  or upgrade to new technology, Our  financing options  offer you a variety of flexible payment options and customizable plans that best fits your operating  budget . As a business grows in any industry,  upgrades on equipment  are necessary and cannot be avoided. We also offer options to add or upgrade equipment at any point during your  financing term so you can work at ease.

Upgrade your equipment and free up working capital in the process. Secure equipment quick and easy with Xtreme Polishing Systems concrete surface preparation and polishing equipment financing options. One of the greatest obstacles of starting a new business or owning an existing business in this ever-changing concrete flooring industry is constantly having to invest in and upgrade your flooring equipment.  Equipment financing  helps individuals finance up to 100% of  new or used equipment  for your precise  business needs . Apply Now

Concrete all around the world has long dominated industries, particularly flooring and countertops , because of the exceptional durability, low maintenance and simply pleasant appearance it’s able to deliver. Xtreme Polishing Systems supplies the industry with professional and innovative concrete polishing , epoxy coatings and decorative concrete products, equipment, supplies and much more. Our industry professionals have been trained accordingly with our products and are able to deliver the fundamental guidance and customer service needed when accurately preparing and executing a concrete project.

Our experts at Xtreme Polishing Systems understand that every concrete surface can variate in properties, therefore each slab must be treated differently. We’re here to guide you in the proper direction, so call us at (877) 958-5732 with any questions regarding ‘ Understanding Section 179 Tax Deduction ‘ or visit our website and browse our extensive selection of concrete products today. Whether you’re a general contractor (flooring, concrete, masonry, home improvement, etc.), small business, DIY’er, craftsmen, new or existing business, renovator, artisan, or homeowner, our exquisite product selection and extensive industry experience will assist you every step of the way, from start to finish.