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Does Section 179 Allow Business Phone System For Tax Deduction?

by Braden Martin Blue Fox Group

In an ever-increasing market, business professionals across industries are finding new ways to cut overhead costs and the tax deduction is an integral part of it.


American business world has been dominated by conversations about Section 179 tax deduction benefits.


We have been getting a lot of queries from our clients in Phoenix, AZ, about the eligibility of business phone services for deduction under Section 179.


Yes! Business telecommunication systems are considered deductible equipment under Section 179.


But, there’s more to know about it. So, keep reading further…

Strategic Benefits of Section 179 for Small or Medium Business Owners

Benefits of Section 179 for business owners are twofold

  1. Tax Break

The tax break allows business owners to save valuable money at tax time.


This is great for the company, as it allows owners to make an outright deduction, equal to the full purchase price of the qualifying equipment or machinery.


This also helps businesses with taxable income, and ultimately relieve tax burden.

  1. Great Incentives

Incentives offered to business owners to finance or invest in a great variety of different business resources or equipment.


Section 179 allowing businesses to deduct the whole purchase price, also allows businesses to leverage this power to strategically implement resources to address needs in the company.


Is Your Business Phone System in Phoenix, AZ Covered Under 179?

Basically, qualified equipment is any depreciable, tangible, personal property which is bought for active conduct of business or trade.


And, if your business is looking to upgrade to the business telecommunication system, Section 179 offers great incentive to launch the initiative.


Any property used for more than 50% of the time for business processes qualify for such incentive, regardless of whether it is leased or bought.

Telecommunication services that qualify for Section 179

  • Business Phone Services

  • Voice Solutions

  • Unified Communication Systems

Conclusion

Very Important: Remember that to redeem tax benefits for business phone services in Phoenix, AZ under Section 179 in 2018, purchase must be made and kept in place by midnight on December 31st, 2018.


If you have any questions about Section 179 or are in need of guidance on choosing and implementing new property purchases, reach out to our team of IT consultants at Blue Fox Group.


Reach us anytime at 1 (480) 941-8280 or visit our site at bluefoxgroup.com


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About Braden Martin Freshman   Blue Fox Group

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Joined APSense since, May 21st, 2018, From Scottsdale, United States.

Created on Dec 26th 2018 22:52. Viewed 271 times.

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