The Nowak family is excited to be partnered with Geneva Capital LLC, a leading provider of financial solutions for small businesses. Geneva Capital makes it easier to order equipment from Nowak and qualify for tax deductions under Section 179.
What Is Section 179?
Under Section 179, you may be able to write off 100% of the cost of equipment acquired and put into use this year as an expense (up to $1,080,000), minimizing the tax impact of your profits. This is a great way to rapidly write off the asset versus taking depreciation over the useful life!
Why Should You Think About Taxes Now?
It’s All About Timing
Longer than typical lead times are still a struggle many of us are facing. To qualify for Section 179, equipment or assets must be installed and put into use on or before December 31, 2022… making it more crucial than ever to plan for deductions early!
Have Financing Questions?
Contact Geneva Capital’s Sales Manager, Adam Streets, who will gladly answer any questions you may have.
Email: [email protected]