Business Owners Rejoice! Slash Your 2023 Tax Bill with This Secret Weapon: Section 179

Congratulations on a thriving year! 🎉

Now, let’s celebrate smart by reducing your tax liability with a powerful tool: Section 179!

Here’s the deal:

• Write off up to $1.16 million in qualifying business equipment purchases before December 31st, 2023 (don’t miss the deadline!).

• Cash, leases, and even financed purchases count! (But remember, consulting your CPA is key for navigating the fine print).

• From excavators to refrigeration to work trucks and computers, the deduction covers a wide range! Construction equipment, machinery, painting a wall, LED lighting, delivery vehicles, office furniture — you name it, it might qualify.

• Upgrade your tools, boost your team’s efficiency, or modernize your workspace. All while significantly lowering your taxable income. It’s a win-win!
  

But wait, there’s more! This isn’t a solo mission. To maximize your savings and navigate the tax code complexities, teaming up with your trusted CPA or accountant is crucial. They’ll help you leverage Section 179 to its full potential, ensuring you comply with IRS regulations and claim every deduction correctly.

And wouldn’t you know it, there’s an extra level of savings called capital leases!

Think of it as a secret handshake with the IRS. Here’s how it works:

• Lease the equipment you need before the year ends. Minimal down payment, not a bank-breaking commitment.

• Boom! The entire lease value vanishes from your taxable income. Your tax bill might melt away faster than ice cream on a hot day!

• The result? Immediate access to essential equipment, a massive tax write-off, and more cash flowing back into your business. It’s like hitting the jackpot for your bottom line!

Want to dig deeper?

We’ve crafted a crystal-clear YouTube video: Section 179: 2023 Deep Dive with a Business Funding Expert (Max Writeoff with minimal out of pocket) that breaks down Section 179 for business owners like you. Watch it with your CPA for an even sharper strategy.

Remember, the clock is ticking!

Before December 31st, 2023, use Section 179 to lower your tax bill, invest in your business growth, and celebrate a truly profitable year!

Disclaimer: This information is for general educational purposes only and should not be considered tax advice. Please consult with your qualified tax professional for specific guidance related to your unique situation.

P.S. Don’t forget to reward yourself for all your hard work! You deserve it! 🥂

— The Pacific Business Funding Team